Italian private investment company Investindustrial has become the sole owner of PortAventura theme park in Salou, Catalonia, Spain.

Investindustrial, which already held a 50 per cent stake in the park, secured the remaining 50 per cent from Spanish bank Criteria CaixaHolding in a deal worth 105m euro (US$133m, £84m).

Following the transaction, Investindustrial will have invested approximately 200m euro in acquiring PortAventura. It initially bought a stake in the park in December 2009.

A spokesperson for Investindustrial said: "It has been a privilege for Investindustrial to have partnered with Criteria CaixaHolding, to have performed our duties as the leading partner over the last three years, and to have been able to invest more capital into PortAventura."

Investindustrial plans to invest around 75m euro (US$95m, £60m) in expanding the theme park and its hotels and waterpark over the next five years.

To read an interview with Sergio Feder, PortAventura CEO, click here for Attractions Management Q2 2012.