Jamieson is pleased to announce that it has advised the management team of Vue International on their incentive arrangements as part of the successful recapitalisation of the business.
Vue, the largest privately held cinema group in Europe, faced difficulties as a result of measures put in place by governments during the COVID pandemic. Following the execution of a lock-up agreement with key stakeholders in July 2022, the recapitalisation was finalised in January 2023 with the full support of all financial creditors. The transaction substantially de-levered the balance sheet, with total existing debt reduced by approximately £470 million, and resulted in a significant capital injection of £75 million.
Ian Jamieson, Stephen Maxwell and Richard Brumpton advised the Vue management team on the transaction.