NEW YORK, July 3, 2018 /PRNewswire/ -- Screenvision Media,
a national leader in cinema media and advertising, today announced
that Abry Partners, a leading media-focused private equity firm,
has finalized its acquisition of a controlling stake in the
company. Terms of the transaction were not disclosed.
"We see a very bright future for Screenvision," said
John Hunt, managing partner of Abry
Partners. "We look forward to partnering alongside and investing
with their first-rate management team to help further unlock future
growth for the company as well as their leading network of
exhibitors."
As part of the transaction, the company's existing owners,
Shamrock Capital and AMC Entertainment Holdings, Inc. (NYSE:AMC),
will retain minority stakes. John
Partilla will remain as the company's chief executive
officer. Under his leadership, Screenvision Media has experienced
30% revenue growth and a tripling of profitability over the past
three years.
"We couldn't be more excited about our new relationship with
Abry Partners and the potential for growth ahead of us," said
John Partilla, Screenvision Media
CEO. "We have seen a tremendous amount of growth in recent years
and are confident that this new chapter in our business will build
even further on that."
Moelis & Company served as financial advisor and Latham
& Watkins LLP as legal advisor to Shamrock Capital on the
transaction. LionTree Advisors served as financial advisors and
Kirkland & Ellis as legal advisor for Abry Partners. Deutsche
Bank provided debt financing for the transaction on an exclusive
basis and acted as sole Lead Arranger and Bookrunner.
Media Contact:
Caitlin Wiig – Olson Engage for
Screenvision Media
212.656.9143
caitlin.wiig@olson.com
ABOUT SCREENVISION MEDIA
Headquartered in New York, N.Y., Screenvision Media is a
national leader in cinema advertising, offering on-screen
advertising, in-lobby promotions and integrated marketing programs
to national, regional and local advertisers, and providing
comprehensive cinema advertising representation services to
top-tier theatrical exhibitors presenting the highest-quality
movie-going experiences. The Screenvision Media cinema advertising
network comprises over 15,000 screens in 2,300+ theatre locations
across all 50 states and 94% of DMAs nationwide; delivering through
more than 150 theatrical circuits, including 7 of the top 10
exhibitor companies. For more information:
http://screenvisionmedia.com/.
ABOUT ABRY PARTNERS
Abry Partners is one of the most experienced media, communications,
and information services sector-focused private equity firms
in North America. Since its founding in 1989, the firm has
completed over $77 billion of transactions, including
leveraged buyouts, growth financings and recapitalizations.
Currently, Abry manages over $5.0 billion of capital in
its active funds.
ABOUT SHAMROCK CAPITAL
Shamrock Capital is a
Los Angeles-based investment firm
with approximately $1.9 billion of
assets under management, investing exclusively in the media,
entertainment and communications sectors. Shamrock was originally
founded in 1978 as the Roy E. Disney Family Investment Company and
has since evolved into an institutional money manager with a
leading group of investors including endowment and pension funds.
Shamrock partners with strong management teams and takes an active,
collaborative approach to creating value in each investment.
Shamrock's current investments include Appetize, Branded Cities,
BTI Studios, FanDuel, Giant Creative, Isolation Network, Maple
Media, Mobilitie, Omega Wireless, Questex, RBmedia, Screenvision
Media, Silvergate Media, Wazee Digital, and wPromote. For more
information, visit: shamrockcap.com.
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SOURCE Screenvision Media