Investment Summary

Argus Capital Partners Invests In Palace Cinemas B.V.

On January 1, 2002, private equity firm Argus Capital Partners invested in media company Palace Cinemas B.V.

Investment Highlights
  • This is Argus Capital Partners’ 1st transaction in the Media sector.
  • This is Argus Capital Partners’ 1st transaction in Hungary.
Investment Fate
  • Palace Cinemas B.V. was sold to a publicly-traded strategic buyer in 2011.

Investment Summary

Date 2002-01-01
Target Palace Cinemas B.V.
Sector Media
Investor(s) Argus Capital Partners
Deal Type Stake Purchase

Target

Palace Cinemas B.V.

Budapest, Hungary
Palace Cinemas (Central Europe) BV is the leading multiplex cinema exhibitor in the Czech Republic, Slovakia and Hungary, as measured by admissions and box office. Founded in 1999 together with two experienced media entrepreneurs, Palace has grown into the regional leader by developing its own high quality sites as well as through market consolidation, having made major acquisitions of its competitors in 2002, 2005 and 2006.

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Investor(S) 1

Investor

Argus Capital Partners

London, United Kingdom

Category Private Equity Firm
Founded 1998
PE ASSETS 433M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ARGUS Capital Partners is a private equity firm focused on investing throughout Central and Eastern Europe, including Albania, Bosnia & Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, and Turkey. ARGUS does not have any industry preferences and can support a variety of transaction situations. Prospective transaction types include buyouts, growth capital financings, and industry consolidations. The Firm's target investment size is €10 to €40 million. ARGUS Capital was formed in 1998 and is based in London.


DEAL STATS #
Overall 3 of 13
Sector: Media M&A 1 of 3
Type: Stake Purchase M&A Deals 3 of 4
Country: Hungary M&A 1 of 1
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-28 Etel Austria Ag

Eisenstadt, Austria

eTel is a regional alternative telecommunications company with operations in Austria, the Czech Republic, Hungary, Poland and Slovakia offering voice and data services to corporate and residential customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-01 Aster Sp. z o.o.

Warsaw, Poland

Aster City Cable is a leading provider of cable television internet and fixed line telephone services in Poland.

Buy -