The 80-strong management team of Tussauds are to share £30m (€43m) following buy-out firm Charterhouse Capital Partners' £800m sale of the waxworks and theme park operator to Dubai International Capital.

Peter Phillipson, chief executive of Tussauds, together with the senior management team will re-invest 50% of the proceeds received for an undisclosed stake in the secondary buy-out.