Waterworld sold to new owners
Telford-raised entrepreneur Mo Chaudry has sold his iconic Waterworld Aqua Park in a multi-million pound deal which takes his family investment company’s net worth to over £170 million.
Mo, who was raised in Wellington and attended Wellington Grammar School and Telford College, has sold the Staffordshire-based attraction to European leisure giant the Looping Group.
The value of the multi-million pound deal has not been disclosed, but it marks a new chapter for one of the largest tropical-themed aqua parks in the UK which has been a landmark destination in Stoke-on-Trent for over three decades.
Since opening in 1989 Waterworld has welcomed millions of visitors and has become one of the most recognisable leisure attractions.
Under Mo Chaudry’s ownership, Waterworld underwent extensive reinvestment, transforming it into a highly successful leisure complex with high-adrenaline rides and family entertainment zones.
Mo, who is chairman of M Investment Group said: “Waterworld has been a huge part of my life and business journey and I am proud of everything we have achieved as a team.
“I am now handing over the baton to Looping, a world-class operator with the vision and expertise to take Waterworld even further ensuring the resort has an exciting future.”
M Investment Group owns a diverse range of businesses including the premium fitness chain M Club Spa and Fitness and a majority stake in the international fitness solutions provider Pulse Global Group along with several other health and leisure ventures.
Mo said: “It now allows us to focus squarely on our core strengths, expanding our gyms and wellness brands here in the UK and driving Pulse Group’s growth ambition.”
The Looping Group, which operates more than 20 leisure destinations across Europe, confirmed its commitment to preserving Waterworld’s legacy while unlocking new opportunities for growth and innovation.
