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  6. Santikos Entertainment Acquires Southern Theaters

M&A Deal Summary

Santikos Entertainment Acquires Southern Theaters

On July 18, 2023, Santikos Entertainment acquired consumer services company Southern Theaters from Enhanced Capital Partners and VSS Capital Partners

Acquisition Highlights
  • This is Santikos Entertainment’s 1st transaction in the Consumer Services sector.
  • This is Santikos Entertainment’s 1st transaction in the United States.
  • This is Santikos Entertainment’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2023-07-18
Target Southern Theaters
Sector Consumer Services
Buyer(s) Santikos Entertainment
Sellers(s) Enhanced Capital Partners
VSS Capital Partners
Deal Type Add-on Acquisition

Target

Southern Theaters

New Orleans, Louisiana, United States
Southern Theatres develops and operates multiplex, stadium-seating movie theaters in small-to-midsized markets across the southeastern United States. Southern Theatres operates 36 locations with 433 screens in Alabama, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Texas and Virginia. Southern Theaters was founded in 2002 and is based in New Orleans, Louisiana.

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Buyer(S) 1

Buyer

Santikos Entertainment

San Antonio, Texas, United States
Category Company
Founded 1911
Sector Consumer Services
DESCRIPTION

Santikos Entertainment is a movie theater and entertainment center chain. Santikos Entertainment was founded in 1911 and is based in San Antonio, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 2

SELLER

Enhanced Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.

DEAL STATS #
Overall 27 of 27
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 15 of 15
State (Louisiana) 1 of 1
Country (United States) 27 of 27
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 HomeTown Oxygen

Charlotte, North Carolina, United States

HomeTown Oxygen is a provider of home-based respiratory products and services in the Southeast United States. HomeTown provides ventilators, nebulizers, oxygen concentrators, liquid oxygen systems, continuous positive airway pressure machines, and other durable medical equipment through five locations in the Charlotte and Winston-Salem metropolitan regions.

Sell -
SELLER

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 57 of 58
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 23 of 24
State (Louisiana) 1 of 1
Country (United States) 44 of 45
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 Olympus Cosmetic Group

Boca Raton, Florida, United States

Olympus Cosmetic Group is a provider of cosmetic surgery and cosmetic dermatology procedures. Olympus Cosmetic Group was founded in 2023 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Eximia

Raleigh, North Carolina, United States

Eximia is a multi-site, multi-therapeutic, clinical research site network serving pharmaceutical, biotech companies, and CROs and providing research services across a diverse range of therapeutic indications with access to underrepresented patient populations. Eximia is based in Raleigh, North Carolina.

Buy -
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