M&A Deal Summary

Regal Entertainment Group Acquires Consolidated Theatres Management

On April 30, 2008, Regal Entertainment Group acquired consumer services company Consolidated Theatres Management from ABRY Partners for 210M USD

Acquisition Highlights
  • This is Regal Entertainment Group’s 1st transaction in the Consumer Services sector.
  • This is Regal Entertainment Group’s largest (disclosed) transaction.
  • This is Regal Entertainment Group’s 2nd transaction in the United States.
  • This is Regal Entertainment Group’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2008-04-30
Target Consolidated Theatres Management
Sector Consumer Services
Buyer(s) Regal Entertainment Group
Sellers(s) ABRY Partners
Deal Type Add-on Acquisition
Deal Value 210M USD

Target

Consolidated Theatres Management

Charlotte, North Carolina, United States
website
Consolidated Theatres Management LLC is a megaplex movie theater circuit offering state-of-the-art stadium-style cinema experience in many of the fastest growing South and Mid-Atlantic markets.

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Buyer(S) 1

Buyer

Regal Entertainment Group

Knoxville, Tennessee, United States

website


Category Company
Founded 2002
Sector Consumer Services
Employees23,168
Revenue 3.1B USD (2015)
DESCRIPTION
Entrance to Regal Entertainment Group's corporate headquarters in Knoxville, Tennessee.
Entrance to Regal Entertainment Group's corporate headquarters in Knoxville, Tennessee.

Regal Entertainment Group is a motion picture exhibitor. The Company's theatre chains include Regal Cinemas, United Artists Theatres and Edwards Theatres. Regal Entertainment Group was formed in 2002 and is based in Knoxville, Tennessee.


DEAL STATS #
Overall 2 of 4
Sector (Consumer Services) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (North Carolina) 1 of 1
Country (United States) 2 of 4
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-30 Signature Theatres

Kalispell, United States

Signature Theatres is the 12th largest movie theatre chain in the U.S., and the second largest in Northern California. The company operates 30 theatres comprising 309 screens in California, Hawaii and Montana. In 1997 and 1998, Marwit led $22.5 million of structured equity investments in the Company to support a growth and expansion plan. Co-investors in the Company include Key Principal Partners. In September 2004, the Company was sold to Regal Entertainment Group (NYSE: RGC), the largest theatre exhibition company in the world, for $200 million in cash, at which time Marwit fully realized its investments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-19 Wallace Theater

Portland, Oregon, United States

Wallace Theater is one of the nation’s largest motion picture exhibitors, with more than 500 screens located throughout twenty states and various international territories. Wallace is the leader in the theatrical exhibition industry, employing state-of-the-art theater design and offering movie patrons a cinematic viewing experience second to none. Stadium-seating, digital surround sound, widescreen presentations, and plush high-back theater seats combined with outstanding concessions and a greater choice of films make Wallace Theaters the preferred movie destination. Wallace continues to expand its footprint in the theater business with acquisitions and greenfield theater development.

Buy $191M

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 13 of 98
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 5 of 51
State (North Carolina) 1 of 3
Country (United States) 13 of 85
Year (2008) 1 of 2
Size (of disclosed) 23 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-08 Hosted Solutions

Raleigh, North Carolina, United States

Hosted Solutions, LLC provides infrastructure as a service solutions to companies and enterprises in the United States.

Buy $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-08 Country Road Communications

Morristown, New Jersey, United States

Country Road Communications is a rural wireline telecom provider delivering services to communities that lie outside of major metropolitan areas.

Sell -