March 01, 2015 8:31 AM ET

Media

Company Overview of Vue Entertainment Limited

Company Overview

Vue Entertainment Limited develops and operates multiplex cinemas in the United Kingdom, Germany, Ireland, Denmark, Poland, Portugal, Latvia, Lithuania, and Taiwan. The company was founded in 2003 and is based in London, United Kingdom.

10 Chiswick Park

566 Chiswick High Road

London,  W4 5XS

United Kingdom

Founded in 2003

Phone:

44 2083 960 100

Fax:

44 2083 960 209

Key Executives for Vue Entertainment Limited

Chief Executive Officer and President
Executive Chairman
Age: 64
Deputy Chief Executive Officer and Chief Financial Officer
Chief Operations Officer
Director of Film Buying
Compensation as of Fiscal Year 2014.

Vue Entertainment Limited Key Developments

Odeon To Be Sold In 2015

Terra Firma Capital Partners Limited intends to sell Odeon and UCI Cinemas Holdings Limited. The sale could be done towards the end of 2015 in a potential £1 billion deal, Guy Hands, Chairman, said. "We will look to begin the process to sell Odeon towards the end of the year," he said. "We are likely to appoint banks by May. Possible buyers could include US cinema groups or South American cinema firms and private equity groups from Europe, the US and China," he said. He also added that a stock market listing is also an option although the asset may lack scale for such a deal. Terra Firma could sell the cinema to Regal Entertainment Group (NYSE:RGC) and Cinemark Holdings Inc. (NYSE:CNK) or Grupo Severiano Ribeiro. Odeon may catch the eye of Vue Entertainment Limited and Dalian Wanda Commercial Properties Co., Ltd. (SEHK:3699).

Vue Entertainment Eyes Acquisitions

Tim Richards, the Chief Executive Officer of Vue Entertainment Ltd. said that Vue Entertainment is eyeing more acquisition opportunities. Tim Richards said, “As the company moves forward I am confident that we do so from a position of real strength. We will continue to build on this success by innovating, enhancing and growing the Vue business through our continuing plan for organic growth supplemented by strategic acquisitions."

Terra Firma Reportedly To Sell Odeon & UCI Cinemas

Terra Firma Capital Partners Limited is reported to be reviving plans for a potential £1 billion sale of Odeon and UCI Cinemas Holdings Limited, person familiar with the matter said. A number of options will be explored including a float in London or a sale, with Vue Entertainment Ltd. and BC Partners as potential buyers. JPMorgan Chase & Co. (NYSE:JPM) and The Goldman Sachs Group, Inc. (NYSE:GS) have been appointed as financial advisors by Terra Firma.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 16, 2014
The Space Cinema S.p.A.
 

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