A group of investors headed by the Danish family that owns the popular toy brand Lego will be acquiring Madame Tussauds wax museum-operator Merlin Entertainment in a $7.6 billion deal.

The consortium officially made the announcement of its intent to reacquire the company on Tuesday.

Kirkbi, the investment company of Lego's founding family, along with US private equity group Blackstone and Canadian pension fund CPPIB have all joined forces to come up with the funds to purchase Merlin Entertainment and take over its debts.

The group will be paying a 14 percent premium on the company's market value as of closing last week.

Kirkbi and its partners will be paying around $5.75 per share for Merlin Entertainment, valuing the company at around $6 billion. Including the company's debt, the consortium will be paying a total of $7.6 billion to fully acquire Merlin.

The investors announced that they would be creating a new company that would have a 50 percent stake of Merlin. Meanwhile, Kirkbi will still retain its 30 percent stake. After Merlin announced that it would be accepting the deal, Merlin Entertainment share prices immediately jumped by around 14 percent this week.

The offer to buy the company was preceded by calls from Merlin Entertainment's shareholders to sell the company or go private. Activist investor ValueAct Capital publicly called on the company to seek options following years of underperformance.

The company's publicly traded stocks have also failed to impress, leading to the recommendations for it to go private.

Apart from operating the popular Madame Tussauds was museums found around the world, Merlin Entertainment also owns several other theme parks and attractions. The company currently owns and operates eight Legoland parks and 20 Legoland Discovery Centers found in 25 different countries.

The firm also runs the famous London Eye. Merlin Entertainment estimates that over 67 million people visit its various attractions each year. The first Legoland was opened back in 1968 in Demark, near the company's original headquarters. Kirkbi later sold all of its Legoland parks to Merlin in 2005.

By accepting Kirkbi's offer, Merlin is essentially returning back to its original owner prior to being listed on the London Stock Exchange in 2013. Before its IPO, Merlin was owned by both Kirkbi and Blackstone.

After its IPO, the Danish family that owns the popular toy maker brand still held a 30 percent stake in the company. Through a string of misfortunes and a number of tragic terror attacks in the UK, visitor number to the company's attractions slowly dwindled, resulting in a drop in its share prices.