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 a rare chance to acquire a well-established vehicle fleet management provider known for its intelligent telematics solutions, which help clients reduce costs and improve safety.
An exceptional opportunity to acquire a well-established offshore survey business, renowned for its comprehensive design, build, and operation capabilities, alongside valuable assets including vessels and equipment.
A unique opportunity to acquire a long-established, multi-species abattoir business based in South England, known for supplying high-quality meats to butchers and offering both wholesale and private slaughter services.
17
|
Sep
|
Construction materials firm acquires civil engineering contractor | BUSINESS SALE
Fox Brothers Holdings, a private equity-backed construction ...
17
|
Sep
|
Assets and IP of non-HFSS bakery brand set to be sold in pre-pack deal | ADMINISTRATION
Urban Legend, a healthier sweet bakery brand, is poised to e...
17
|
Sep
|
Regional care home operator expands with double acquisition | BUSINESS SALE
Regional care home operator Maven Healthcare has expanded wi...
17
|
Sep
|
West Midlands manufacturer to target M&A under new CEO | BUSINESS NEWS
PP Control & Automation (PP C&A), a West Midlands-based manu...
17
|
Sep
|
Regional care home operator expands with double acquisition | BUSINESS SALE
Regional care home operator Maven Healthcare has expanded wi...
17
|
Sep
|
Assets and IP of non-HFSS bakery brand set to be sold in pre-pack deal | ADMINISTRATION
Urban Legend, a healthier sweet bakery brand, is poised to e...
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.