M&A Deal Summary

Sony Pictures Entertainment Acquires Alamo Drafthouse Cinema

On June 12, 2024, Sony Pictures Entertainment acquired leisure company Alamo Drafthouse Cinema from Altamont Capital Partners

Acquisition Highlights
  • This is Sony Pictures Entertainment’s 1st transaction in the Leisure sector.
  • This is Sony Pictures Entertainment’s 5th transaction in the United States.
  • This is Sony Pictures Entertainment’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-06-12
Target Alamo Drafthouse Cinema
Sector Leisure
Buyer(s) Sony Pictures Entertainment
Sellers(s) Altamont Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs (Financial)

Target

Alamo Drafthouse Cinema

Austin, Texas, United States
Alamo Drafthouse Cinemas is a dine-in movie theater chain, operator, and franchisor of over 30 locations nationwide. Alamo Drafthouse Cinema is based in Austin, Texas.

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Buyer(S) 1

Buyer

Sony Pictures Entertainment

Culver City, California, United States
Category Company
Founded 1987
Sector Media
Revenue 8.0B USD (2012)
DESCRIPTION

Sony Pictures Entertainment Inc. is an American television and film production and distribution company.

DEAL STATS #
Overall 5 of 5
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Texas) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Pixomondo

Los Angeles, California, United States

Pixomondo is a visual effects and digital media company. Pixomondo is one of the largest independent international VFX studios, widely known for its award-winning work film, TV, theme parks and advertising. Pixomondo was founded in 2001 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.

DEAL STATS #
Overall 16 of 16
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (Texas) 2 of 2
Country (United States) 15 of 15
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Big Top

Perry, Florida, United States

Big Top is a designer and manufacturer of semi-permanent fabric structures. The company sells to commercial, industrial, and military customers. Big Top was founded in 1979 and is based in Perry, Florida.

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