M&A Deal Summary

Cineplex Acquires Park Theatre

On February 15, 2013, Cineplex acquired media company Park Theatre from Festival Cinemas

Acquisition Highlights
  • This is Cineplex’s 11th transaction in the Media sector.
  • This is Cineplex’s 11th transaction in Canada.
  • This is Cineplex’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2013-02-15
Target Park Theatre
Sector Media
Buyer(s) Cineplex
Sellers(s) Festival Cinemas
Deal Type Divestiture

Target

Park Theatre

Vancouver, British Columbia, Canada
The Park Theatre is a neighbourhood movie house on Cambie Street in Vancouver, British Columbia. Opened in 1941, it has passed through several owners, including Odeon Theatres, Famous Players and Alliance Atlantis Cinemas.

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Buyer(S) 1

Buyer

Cineplex

Toronto, Ontario, Canada
Category Company
Founded 1912
Sector Media
Employees10,000
Revenue 1.4B CAD (2023)
DESCRIPTION

Cineplex is a entertainment companies and operates one of the most modern and fully digitized motion picture theatre circuits in the world. Cineplex was incorporated in 1912 and is based in Toronto, Canada.

DEAL STATS #
Overall 11 of 18
Sector (Media) 11 of 13
Type (Divestiture) 10 of 11
State (British Columbia) 2 of 2
Country (Canada) 11 of 17
Year (2013) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-15 Fifth Avenue Cinemas

Vancouver, British Columbia, Canada

Fifth Avenue Cinemas, Ltd. owns and operates theatres. Its theatres screen worldwide art-house films and Hollywood films. Fifth Avenue Cinemas was founded in 1988 and is based in Vancouver, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 EK3 Technologies

London, Canada

EK3 Technologies, Inc. is a provider of In-Store Digital Merchandising services.

Buy $78M

Seller(S) 1

SELLER

Festival Cinemas

Vancouver, British Columbia, Canada
Category Company
Founded 1978
Sector Media
DESCRIPTION

Festival Cinemas operates theatres .The purpose of Festival was to show Canadian specialty art and other high quality films. Festival Cinemas was founded in 1978 in Vancouver, British Columbia.

DEAL STATS #
Overall 2 of 2
Sector (Media) 2 of 2
Type (Divestiture) 2 of 2
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-15 Fifth Avenue Cinemas

Vancouver, British Columbia, Canada

Fifth Avenue Cinemas, Ltd. owns and operates theatres. Its theatres screen worldwide art-house films and Hollywood films. Fifth Avenue Cinemas was founded in 1988 and is based in Vancouver, Canada.

Sell -
Mergr

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