OMERS, AIMCo back Vue's acquisition of Italian cinema chain
Vue Entertainment International has agreed to acquire The Space Entertainment S.p.A., a cinema chain in Italy. While the deal's value was not disclosed by the company, Reuters reported it as 105 million euros (US$134 million). Vue said the acquisition is its fourth in the past three years and is supported by a follow-on investment by the company's backers, OMERS Private Equity and Alberta Investment Management Corp (AIMCo). OMERS and AIMCo jointly acquired the business from British private equity firm Doughty Hanson in 2013 for $1.48 billion. Based in London, United Kingdom, Vue is an operator and developer of modern state-of-the-art multiplex cinemas.
16 October 2014•2 mins read
