M&A Deal Summary

Carmike Cinemas Acquires Sundance Cinemas

On October 6, 2015, Carmike Cinemas acquired media company Sundance Cinemas for 36M USD

Acquisition Highlights
  • This is Carmike Cinemas’ 6th transaction in the Media sector.
  • This is Carmike Cinemas’ largest (disclosed) transaction.
  • This is Carmike Cinemas’ 6th transaction in the United States.
  • This is Carmike Cinemas’ 1st transaction in California.

M&A Deal Summary
Date 2015-10-06
Target Sundance Cinemas
Sector Media
Buyer(s) Carmike Cinemas
Deal Type Add-on Acquisition
Deal Value 36M USD

Target

Sundance Cinemas

Westlake Village, California, United States
Sundance Cinemas LLC operates movie theaters.

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Buyer(S) 1

Buyer

Carmike Cinemas

Columbus, Georgia, United States
Category Company
Founded 1986
Sector Media
Employees7,800
Revenue 804M USD (2015)
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 6
Sector (Media) 6 of 6
Type (Add-on Acquisition) 4 of 4
State (California) 1 of 1
Country (United States) 6 of 6
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-15 Digital Cinema Destinations

Westfield, New Jersey, United States

Digital Cinema Destinations Corp. is a operator of digital cinema, 3-D cinema deployments and one of the nation's largest motion picture exhibitors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 New Vision Theatres

Stratford, Connecticut, United States

New Vision Theatres is a 17-unit movie theatre circuit operating in nine states. New Vision focuses on first-run content but also provides alternative content as well, including live sporting events, concerts, and international features. New Vision Theatres is based in Stratford, Connecticut.

Sell -
Mergr

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