Buyout (LBO, MBO, MBI) • Media

The Blackstone Group Acquires Cineworld Cinemas

On October 13, 2004, private equity firm The Blackstone Group acquired media company Cineworld Cinemas for 599M USD

Acquisition Context
  • This is The Blackstone Group’s 9th transaction in the Media sector.
  • This is The Blackstone Group’s 132nd largest (disclosed) transaction.
  • This is The Blackstone Group’s 5th transaction in the United Kingdom.
Investment Fate
  • Cineworld Cinemas was sold to management in 2010 for 103M .
  • Cineworld Cinemas was sold to a consortium of strategic buyers in 2019.

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M&A Deal Summary

Date October 13, 2004
Target Cineworld Cinemas
Sector Media
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 599M USD

Target Company

Cineworld Cinemas

Chiswick, United Kingdom
Cineworld Cinemas Ltd. is a cinema group focused on showing a wide variety of content such as Bollywood and Live events; including Opera, Ballet and Rugby in 3D. Cineworld participates in the Tesco Clubcard programme and operates the only cinema subscription service in the UK, the Unlimited Card. Cineworld Cinemas was formed in 1995 and is based in Chiswick, United Kingdom.
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Buyer Overview 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


Deal Context for Buyer #
Overall 76 of 365
Sector: Media 9 of 14
Type: Buyout (LBO, MBO, MBI) 30 of 82
Country: United Kingdom 5 of 26
Year: 2004 10 of 13
Size (of disclosed) 132 of 185
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-16 Southern Cross Healthcare

Darlington, United Kingdom

Southern Cross Healthcare is a group of care homes across the UK providing elderly care with high standards of care for the elderly & physically challenged.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 New Skies Satellites N.V.

The Hague, Netherlands

New Skies Satellites is one of only four fixed satellite communications companies with truly global satellite coverage, offering video, data, voice and Internet communications services to a range of telecommunications carriers, broadcasters, large corporations, Internet service providers and government entities around the world.

Buy $908M