M&A Deal Summary

AMC Acquires ODEON Cinemas

On July 12, 2016, AMC acquired consumer services company ODEON Cinemas from Terra Firma Capital Partners and Stockwell Capital for 921M GBP

Acquisition Highlights
  • This is AMC’s 3rd transaction in the Consumer Services sector.
  • This is AMC’s largest (disclosed) transaction.
  • This is AMC’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-07-12
Target ODEON Cinemas
Sector Consumer Services
Buyer(s) AMC
Sellers(s) Terra Firma Capital Partners
Stockwell Capital
Deal Type Add-on Acquisition
Deal Value 921M GBP
Advisor(s) Goldman Sachs (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

ODEON Cinemas

London, United Kingdom
website
ODEON Cinemas Ltd. is a cinema operator with 242 cinemas and 2,236 screens. Odeon & UCI operates in four major markets: UK, Spain, Italy and Germany; and three smaller markets: Austria, Portugal and Ireland.

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Buyer(S) 1

Buyer

AMC

Leawood, Kansas, United States

website

Category Company
Founded 1920
Sector Media
Employees2,787
Revenue 3.9B USD (2022)
DESCRIPTION

AMC is a theatrical exhibition company. The Company operates more then 400 locations across North America and China. AMC was incorporated in 1920 and is based in Leawood, Kansas.

DEAL STATS #
Overall 5 of 7
Sector (Consumer Services) 3 of 3
Type (Add-on Acquisition) 4 of 6
Country (United Kingdom) 1 of 1
Year (2016) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Carmike Cinemas

Columbus, Georgia, United States

Carmike Cinemas, Inc. is a digital cinema and 3D cinema deployments and motion picture exhibitors. Carmike has 276 theatres with 2,954 screens in 41 states. The circuit includes 55 premium large format (PLF) auditoriums featuring state-of-the-art technology and luxurious seating, including 32 "BigDs," 21 IMAX auditoriums and two MuviXL screens.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 Nordic Cinema Group AB

Stockholm, Sweden

Nordic Cinema Group AB is a cinema operator in the Nordic and Baltic regions, with more than 100 years of experience in managing and cultivating the cinema experience.

Buy kr8.3B

Seller(S) 2

SELLER

Terra Firma Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 17.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Terra Firma Capital Partners is a private equity firm that primarily targets distressed 'asset rich' companies in need of management change or operational improvement. Terra Firma also invests in market leading businesses, or platform businesses capable of becoming market-leading businesses through add-on investments. Terra Firma generally looks to invest in businesses headquartered in Western Europe. Terra Firma was originally formed in 1994 and became an independent investment group in 2002. The Firm is based in London.

DEAL STATS #
Overall 14 of 23
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (United Kingdom) 11 of 15
Year (2016) 1 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Autobahn Tank & Rast

Bonn, Germany

Autobahn Tank & Rast is a provider of gastronomy, retail, hotels, fuel and fast charging infrastructure on the Autobahns in Germany. With its franchise partners, it operates around 360 petrol stations and around 400 service areas (including around 50 hotels) on the German motorway network. Autobahn Tank & Rast was founded in 1998 is based in Bonn, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Infinis

Northampton, United Kingdom

Infinis is the UK's largest purely renewable energy company both in terms of number of sites and output. Infinis generated approximately 5% of the UK’s renewable power and was the only mid-sized player in the UK top ten of largest renewable generators which is dominated by large utilities. Infinis is based in Northampton, United Kingdom.

Sell £185M
SELLER

Stockwell Capital

Austin, Texas, United States

Investor Investor

website

Category Private Equity Firm
Founded 2002
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.

DEAL STATS #
Overall 35 of 41
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 11 of 12
Country (United Kingdom) 3 of 3
Year (2016) 2 of 2
Size (of disclosed) 6 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 The Sports Authority

Englewood, Colorado, United States

The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Cast-Crete USA

Seffner, Florida, United States

Cast-Crete USA is a manufacturer and distributor of precast and prestressed concrete lintels and sills. Cast-Crete USA was established in 1955 and is based in Seffner, Florida.

Buy -
Mergr

Product

Company

Legal