The new owner is Looping Group, which runs aquariums, animal parks, amusement parks and water parks in seven countries.
Drayton Manor Park has been rescued by a French leisure company after falling into administration.
The Bryan family is selling the Staffordshire attraction for the first time in its 70-year history after appointing administrators PwC on Monday.
The future of the theme park and its 599 employees will be secured by the deal.
The new owner is Looping Group, a French business which runs 15 parks – aquariums, animal parks, amusement parks and water parks – in seven countries.
Looping Group’s businesses in the UK include West Midlands Safari Park and Pleasurewood Hills near Lowestoft.
PwC said Drayton Manor Theme Park had been hurt by “exceptionally challenging trading conditions”…