Investment Summary

Exits Premiere Cinemas

On October 1, 1989, invested in media company Premiere Cinemas from Ballast Point Ventures

Investment Highlights
  • This is transaction in the Media sector.
  • This is transaction in the United States.
  • This is transaction in Tennessee.

Investment Summary

Date 1989-10-01
Target Premiere Cinemas
Sector Media
Sellers(s) Ballast Point Ventures
Deal Type Trade Sale

Target

Premiere Cinemas

Knoxville, Tennessee, United States
website
Operated movie theaters in small and medium-sized markets in the Southeast, Midwest and Northeast.

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Seller(S) 1

SELLER

Ballast Point Ventures

Tampa, Florida, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2001
PE ASSETS 360M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ballast Point Ventures is a private investment firm that targets growth businesses located in the South US. Ballast Point looks to commit $1 to $5 million of equity capital per transaction and looks for businesses in markets with annual revenues of at least $100 million. Sectors of interest include healthcare, information technology (IT), financial services, communications, business services, and consumer products/services. Ballast Point Ventures was formed in 2001 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 1 of 30
Sector (Media) 1 of 2
Type (Trade Sale) 1 of 5
State (Tennessee) 1 of 2
Country (United States) 1 of 30
Year (1989) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1990-08-01 Telecom*USA

Atlanta, Georgia, United States

Grew to become the fourth-largest telephone carrier in the United States. The Company was sold to MCI Communications Corporation in August 1990.

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