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.
This is an exciting opportunity to acquire the assets of a healthcare company offering unique, drug-free products backed by clinical trial data and an experienced management team.
LEASEHOLD
A well-established container and bottle decoration company in West Yorkshire is now available for acquisition.
Discover a thriving opportunity with established ecommerce retailers specialising in garden machinery and equipment across the UK.
05
|
Sep
|
Administrators exploring sale after collapse of Bodycare | ADMINISTRATION
Bodycare, a high street retailer of branded health and beaut...
05
|
Sep
|
Pets Choice acquires Kennelpak brands out of administration | BUSINESS SALE
Pet food manufacturer Pets Choice has acquired a number of p...
05
|
Sep
|
PE-backed legal services group completes investment in London firm | BUSINESS SALE
Legal services group BBS Law has completed an investment in ...
05
|
Sep
|
PE-backed legal services group completes investment in London firm | BUSINESS SALE
Legal services group BBS Law has completed an investment in ...
05
|
Sep
|
Pets Choice acquires Kennelpak brands out of administration | BUSINESS SALE
Pet food manufacturer Pets Choice has acquired a number of p...
05
|
Sep
|
Administrators exploring sale after collapse of Bodycare | ADMINISTRATION
Bodycare, a high street retailer of branded health and beaut...
Business Sale Report is the complete resource for finding genuine 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.