Odeon business could be put up for sale

Fri, 28 Aug 2015 | BUSINESS SALE

A business sale could be on the cards for the Odeon cinema chain after its owner Terra Firma confirmed the company has been pushed back into profit.

A total of 243 cinemas are operated by the Odeon and UCI chains in the UK and Europe and while it had struggled with a £40 million loss last year, things are looking up in 2015.

The chain reported a £14.5 million profit for the first half of the year, thanks largely to a string of big budget action films which have tempted audiences out to the cinema. Jurassic World, Fast & Furious 7 and the Avengers: Age of Ultron have all worked in Odeon's favour to encourage customers.

Paul Donovan, chief executive of Odeon last year, said that more blockbusters are coming and that the fourth quarter of the year will be “one of the biggest quarters ever in the UK market”.

However, while it has been acknowledged that a sale is due before the end of the year, Mr Donovan refused to be drawn further on details in discussions with The Telegraph: “It's completely up to Terra Firma when and how a sale of the business would be executed. My job is to make sure that if that's the case there's a business which is performing really well and delivering for customers and shareholders.

“I think we're making good progress with our strategic changes. There's a lot been done and a lot more to do.”

Terra Firma bought Odeon and UCI 11 years ago for €650m and €350m respectively. The owner merged the two into one.

View other businesses on the market.

Share this article

Latest Businesses for Sale

MOT & Motor Repair Business
Shepherds Bush, London, UK

Long established, successful and profitable MOT, servicing and repair motor business in London. Ill health forces sale. Limited competition. Exceptional reputation. Parking available for 4/5 cars. Offers invited.

Asking Price: £900,000
Turnover: £300,000

Window & Conservatory Business
East Riding of Yorkshire, Yorkshire and the Humber, UK

Excellent window and conservatory business. Superb bolt-on business. Entirely word of mouth business and still growing. No marketing necessary at this turnover. Offers invited.

Asking Price: £210,000
Turnover: £1,100,000


Italian Restaurant
Rugeley, Staffordshire, UK Wide

Reputable Italian restaurant in Rugeley, established since 1997. Business comes with fully licensed bar free of tie. Offers invited.

Asking Price: Offers Invited
Turnover: £303,193

View more businesses for sale

News Search

Latest News


Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...


Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...


ASL Group completes its third acquisition in 18 months with Reprotec | BUSINESS SALE

Just one week after securing fresh private equity backing, A...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Wyevale garden centre group put up for sale | BUSINESS SALE

Wyevale Garden Centres across Britain are to be sold after p...


Vue sold to Canadian pension funds | BUSINESS SALE

Vue Entertainment, one of the largest cinema chains in Europ...


Terra Firma plans to sell Odeon chain | BUSINESS SALE

Private Equity Group Terra Firma is planning to sell the Ode...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources