Complex sentence: In 2003, Trivest Partners, LP, an American investment firm based in Florida, tried to buyout PMI, but instead the parties negotiated for a management contract for the licensing and theme park business.
Split into simpler sentences: In 2003, Trivest Partners, LP, an American investment firm based in Florida, attempted to buyout PMI. Instead the parties negotiated for a management contract for the licensing and theme park business.