M&A Deal Summary

Cineplex Acquires Empire Theatres - 24 Atlantic Canadian Theatres

On October 24, 2013, Cineplex acquired media company Empire Theatres - 24 Atlantic Canadian Theatres from Empire Theatres for 194M CAD

Acquisition Highlights
  • This is Cineplex’s 12th transaction in the Media sector.
  • This is Cineplex’s largest (disclosed) transaction.
  • This is Cineplex’s 13th transaction in Canada.
  • This is Cineplex’s 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2013-10-24
Target Empire Theatres - 24 Atlantic Canadian Theatres
Sector Media
Buyer(s) Cineplex
Sellers(s) Empire Theatres
Deal Type Divestiture
Deal Value 194M CAD

Target

Empire Theatres - 24 Atlantic Canadian Theatres

New Glasgow, Nova Scotia, Canada
Empire Theatres - 24 Atlantic Canadian Theatres are located in Atlantic Canada - 13 in Nova Scotia, six in New Brunswick, three in Newfoundland, and two on Prince Edward Island. Also included are two Ontario locations in Whitby and Kanata. The 26 theatres will add a total of 218 screens to the Cineplex circuit.

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Buyer(S) 1

Buyer

Cineplex

Toronto, Ontario, Canada

website

Category Company
Founded 1912
Sector Media
Employees10,000
Revenue 1.3B CAD (2022)
DESCRIPTION

Cineplex is a entertainment companies and operates one of the most modern and fully digitized motion picture theatre circuits in the world. Cineplex was incorporated in 1912 and is based in Toronto, Canada.

DEAL STATS #
Overall 13 of 18
Sector (Media) 12 of 13
Type (Divestiture) 11 of 11
State (Nova Scotia) 1 of 1
Country (Canada) 13 of 17
Year (2013) 4 of 4
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 EK3 Technologies

London, Canada

EK3 Technologies, Inc. is a provider of In-Store Digital Merchandising services.

Buy $78M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-09 YoYo s Yogurt Cafe

London, Ontario, Canada

YoYo's Yogurt Cafe, Inc. is a London, Ontario-based self-serve frozen yogurt chain with stores throughout the province. YoYo's Yogurt Cafe has set the standard in self-serve frozen yogurt. Delivering a premium product that tastes great has been a key focus and part of the success of our growing brand. Our yogurts are fresh, meaning a fresh liquid-based yogurt that is full of health benefits and probiotic cultures, all based on proprietary recipes. Our research and development team is dedicated to continuous research and testing, making the creation of new products and options an endless experience, while our customers enjoy the same quality, taste and texture at every location.

Buy -

Seller(S) 1

SELLER

Empire Theatres

New Glasgow, Nova Scotia, Canada
Category Company
Founded 1978
Sector Media
DESCRIPTION

Empire Theatres Ltd. is a film exhibition company that owns and operates theatres in Canada. The company was founded in 1978 and is based in New Glasgow, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Nova Scotia) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
Mergr

Product

Company

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