M&A Deal Summary

Regal Entertainment Group Acquires Wallace Theater

On February 19, 2013, Regal Entertainment Group acquired consumer services company Wallace Theater from GTCR for 191M USD

Acquisition Highlights
  • This is Regal Entertainment Group’s 2nd transaction in the Consumer Services sector.
  • This is Regal Entertainment Group’s 2nd largest (disclosed) transaction.
  • This is Regal Entertainment Group’s 3rd transaction in the United States.
  • This is Regal Entertainment Group’s 1st transaction in Oregon.

M&A Deal Summary
Date 2013-02-19
Target Wallace Theater
Sector Consumer Services
Buyer(s) Regal Entertainment Group
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 191M USD

Target

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.

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Buyer(S) 1

Buyer

Regal Entertainment Group

Knoxville, Tennessee, United States
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 3 of 4
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Oregon) 1 of 1
Country (United States) 3 of 4
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-30 Consolidated Theatres Management

Charlotte, North Carolina, United States

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.

Buy $210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 Warren Theatres

Wichita, Kansas, United States

Warren Theatres LLC is a provider of luxury amenities that enhance the movie going experience. Warren Theatres is based in Wichita, Kansas.

Buy -

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 39 of 84
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 20 of 40
State (Oregon) 1 of 1
Country (United States) 39 of 81
Year (2013) 1 of 3
Size (of disclosed) 29 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-13 NewWave Communications

Sikeston, Missouri, United States

NewWave Communications, Inc. is a broadband/cable company providing television, high speed internet, and digital telephone services for residential and business customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 Actient Pharmaceuticals

Deerfield, Illinois, United States

Actient Pharmaceuticals, LLC (Actient) is a healthcare company focused on acquiring and operating specialty pharmaceutical companies and products. Actient targets opportunities that include products which are already approved or currently marketed, as well as late-stage development drugs.

Sell $585M
Mergr

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