Announced
Completed
Financials
Tags
cinemas
Entertainment
Sweden
Private
Mbo
Completed
Friendly
Disposal
Single Bidder
Private Equity
Majority
Acquisition
Synopsis
Private equity firm Bridgepoint completed the acquisition of Nordic Cinema, a cinema operator in the Nordic region with 66 cinemas, 444 screens and a 44% share of total Nordic box office revenues, for SEK4.7bn. "We believe in the future of cinema and together with the strong management team at NCG we are looking forward to continue to develop the company. We believe there is scope to further enrich the whole cinema experience, from the venue in itself, sound, seats and availability to food and drinks. We also see potential for NCG to accelerate its growth in the region and in adjacent countries at a time when the popularity of film and cinema remains abuoyant part of the entertainment industry," Mikael Lövgren, Bridgepoint Chairman in the Nordic region.
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