Archer Capital May Plan Bid For Hoyts Cinemas, Financial Review Reports

Archer Capital is among a list of private equity and pension funds said to have expressed an interest in Pacific Equity Partners’ Hoyts cinema business, the Australian Financial Review reported in its Street Talk column, without saying where it got the information. Pacific Equity Partners has sent out confidentiality agreements for the sale of the A$500 million-plus business, without committing to a formal timetable, according to the report.

To contact the reporter on this story: Wendy Pugh in Melbourne at wpugh@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net