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  5. Cinema City International N.V. Acquires Palace Cinemas B.V.

M&A Deal Summary

Cinema City International N.V. Acquires Palace Cinemas B.V.

On February 2, 2011, Cinema City International N.V. acquired media company Palace Cinemas B.V. from Argus Capital Partners

Acquisition Highlights
  • This is Cinema City International N.V.’s 1st transaction in the Media sector.
  • This is Cinema City International N.V.’s 1st transaction in Hungary.

M&A Deal Summary
Date 2011-02-02
Target Palace Cinemas B.V.
Sector Media
Buyer(s) Cinema City International N.V.
Sellers(s) Argus Capital Partners
Deal Type Add-on Acquisition

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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Buyer(S) 1

Buyer

Cinema City International N.V.

Netherlands
Category Company
Sector Business Services
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Hungary M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

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 5 of 8
Sector: Media M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 5
Country: Hungary M&A 2 of 2
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 KaleNobel

Istanbul, Turkey

KaleNobel is a consumer packaging company focused on the manufacture of flexible consumer packaging for ice cream and other applications as well as aseptic cartons.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 KCR Co.

Warsaw, Poland

KCR is the largest Polish-owned firm in the CRO sector (a Contract Research Organization -€“ a company which conducts clinical trials). Since its beginning, KCR has conducted over 300 clinical trials in 7,500 centres, in which over 300,000 patients have participated. The company conducts phase II-IV clinical trials (mostly phase III studies), including tests in neurology, psychiatry, internal and contagious diseases, pulmonology, cardiology and gastrology. KCR has performed studies for a diverse mix of clients (large global pharma co's, mid-size regional pharma players, and biotech companies).

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