Private equity group Palamon Capital Partners has confirmed that it has completed the sale of Movie Park Germany to operator Parques Reunidos for an undisclosed sum.

Movie Park Germany - one of the country's largest theme parks - is the last remaining asset of the Star Parks Group, set up by Palamon in 2004 to acquire seven attractions from Six Flags. Following the sale of six of the seven assets four years ago, a three-year programme to reposition and refocus Movie Park Germany has helped increase attendance by 40 per cent.

Palamon partner Jonathan Heathcote said: "We are delighted to have completed on this transaction for Movie Park Germany, a business that has seen substantial profitable growth over the past three years driven by strong attendance levels." Spain-based group Parques Reunidos currently owns or operates nearly 70 parks in a number of countries, including the US, France, Norway and the UK and is one of the largest operators in the world.

First opened to the public 14 years ago, Movie Park Germany has more than 30 rides, including five rollercoasters, five water rides and 12 children's rides.