Tue, 27 Apr 2010 | BUSINESS NEWS
Vue Entertainment, the cinema chain, is conducting a strategic review, as a result of news that 29 per cent shareholder, Lloyds Banking Group, is selling its stake.
The company is thought to be worth up to £440 million and operates 600 cinema screens around the UK, including a new multiplex at London’s Westfield Centre.
Chief executive Tim Richards and Deputy chief, Alan McNair said they would be open to a sale of the firm. The two men own a total of 51 per cent of the business.
Other options, aside from the sale, are said to include a possible refinancing deal or acquisitions – suggesting that a sale is far from the only option being looked at.
Tim Richards added that he had no intention of leaving his role in the business, adding, "We have been in the industry for 20 years and we love what we do. We are planning on not going anywhere." He continued, "The next two to four years are going to see huge growth on the back of digital and 3D."
Lloyds is said to be in talks with a joint venture led by Coller Capital over the sale of its stake in Vue.
Highly experienced team in place, with a suitable candidate to fill an upper-level management position, if required. Serves a large regional client base, with clients operating in industry sectors including education, healthcare and facilities.
Strong pipeline of future work, which is currently valued at £2m. Provides over 2,500 unique automotive engine components for a comprehensive range of leading brands, catering to OEMs and wholesalers worldwide.
SIA / Safe Contractor approved, manned security and accredited training course specialist with impressive nationwide reputation and client base.
24
|
Apr
|
Middlesbrough metal recycling firm acquired from administration | BUSINESS SALE
Cupral Group Limited, a metal recycling business based in Mi...
24
|
Apr
|
Automotive parts supplier secures PE backing | BUSINESS SALE
Rimmer Bros, a Lincoln-based restorer and supplier of replac...
24
|
Apr
|
Kitchen firm expands construction sector offering with new acquisition | BUSINESS SALE
Nolte Kitchens UK has completed the acquisition of contracts...
24
|
Apr
|
Kitchen firm expands construction sector offering with new acquisition | BUSINESS SALE
Nolte Kitchens UK has completed the acquisition of contracts...
24
|
Apr
|
Automotive parts supplier secures PE backing | BUSINESS SALE
Rimmer Bros, a Lincoln-based restorer and supplier of replac...
24
|
Apr
|
Middlesbrough metal recycling firm acquired from administration | BUSINESS SALE
Cupral Group Limited, a metal recycling business based in Mi...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.