Wed, 10 Feb 2016 | BUSINESS SALE
Pinewood Studios, famous for hosting box-office smashes such as James Bond and Star Wars, could be sold as its owner looks to ‘maximise value’ for investors.
Pinewood Group has appointed advisers to carry out a strategic review of the company’s structure and capital base, after recently failing to gain enough new investors or to diversify its shareholder base.
The company, which trades on the junior AIM market, stated that its shareholder register was so ‘tightly held’ that its ambition for a main market listing was being held back.
The announcement comes on the back of its raised annual profits guidance. This follows stronger than expected revenues across the board since the release of its half-year results in December.
Pinewood Group said one of its main options included selling the business, which comprises Pinewood Studios in Buckinghamshire, Shepperton Studios and Pinewood Studios Wales. The company also has an international network of studios in countries such as Canada and the Dominican Republic.
The firm has continued to be at the forefront of the TV and film industries with commercial successes such as Spectre and Star Wars: Episode VII The Force Awakens being filmed at Pinewood Studios.
Pinewood chief executive Ivan Dunleavy said: “We believe Pinewood has the potential to build on the strong performance of the last few years to grow further both in the UK and internationally.
“The board is now looking to identify the best ways to create the appropriate capital structure to allow the Company to realise its goals in the best interests of shareholders.”
View other businesses for sale.
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a unique opportunity to acquire a company specialising in luxury performance cycle clothing, utilising the finest specialist fabrics and cutting-edge construction techniques.
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
11
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
11
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
11
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
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.