Advent International, a European private equity firm, has taken Parques Reunidos, a Spanish amusement park operator, private for €173m ($215m), pushing Spain above the €1bn mark for buy-outs this year.

Advent's €6.25-a-share cash offer is at a 2.5% premium to the share price before the approach, and has been accepted by shareholders. Advent said it was the first public-to-private deal in Spain to be executed by a private equity group. It is also Advent's first since 1999.