Jamieson, the Independent Corporate Finance Boutique, is pleased to announce its role in advising the management team, led by Tim Richards and Alan McNair, in conjunction with Doughty Hanson & Co.’s successful acquisition of Vue Entertainment (“Vue”).
The sale concluded in just 2 months and comes after what was one of the most competitive auction processes in 2010. Management owned a majority stake in the business and had the lead role in the process. Vue has the third largest market share in the UK in terms of box office via its 68 cinemas and 678 screens. The company also runs two cinemas internationally. In recent years, Vue has led the way in new cinema development in the UK and 50% of all new multiplex cinemas built nationwide in the past couple of years have been a Vue multiplex. The most recent openings include the all digital Vue Westfield cinema in London which has broken records as the highest grossing cinema in the country.
The Jamieson engagement team was Ian Jamieson, Stuart Coventry and John Greenland. Today’s announcement further cements Jamieson’s position in the media sector with recent roles advising HiT Entertainment, Incisive Media and several other confidential clients. The transaction comes off the back of a resurgent deal market with Jamieson completing 9 management advisory roles in the year to date including most recently Brit Insurance, NSL Services, and Equity Trust.
Jamieson is an independent, relationship-driven advisory firm whose professionals advise on all types of UK and European public and private company transactions. Founded in 2005 the firm has completed over 40 transactions with an aggregate value in excess of £12bn.