Jamieson Corporate Finance is pleased to announce its role as adviser to the management team of Vue Entertainment Ltd, on their acquisition by OMERS Private Equity Inc. and pension-fund manager Alberta Investment Management Corp., for a total consideration of £935m.
This is the second time Jamieson has advised the Vue management team, led by J Timothy Richards (CEO) and Alan McNair (CFO). Management will remain with the business having reinvested a significant proportion of their proceeds.
Jamieson advised the management team in 2010 during their acquisition by Doughty Hanson (“DH”). Under the DH ownership, Vue has shown impressive growth, doubling the number of cinemas it owns by acquiring Apollo Cinemas in the UK (in May 2012), CinemaxX, Germany’s second largest operator (in July 2012) and Multikino, the second largest operator in Poland (in May 2013).