The UK Office of Fair Trading clears the acquisition of a multiplex cinemas chain by a private equity firm which had recently acquired the UK’s largest cinema chain, subject to 11 locality specific divestments (Terra Firma/UCI)

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Office of Fair Trading (OFT), Terra Firma/UCI, ME/1322/04, 07 01 2005

The operation Terra Firma is one of the UK's largest private equity (PE) fund managers. In September 2004 PE funds controlled by Terra Firma acquired Odeon Equity Co. Limited (“Odeon”), the largest cinema exhibitor in the UK. Odeon has 95 cinemas comprising a mix of multiplex (more than one screen) cinemas and smaller High Street (town centre) cinemas. United Cinemas International (UK) Limited and Cinema International Corporation (UK) Limited (together “UCI”) operate 32 multiplex cinemas in the UK. Prior to the merger, UCI was the fourth largest cinema exhibitor in the UK. On 28 October 2004, Terra Firma acquired sole control of UCI through PE funds under management. Both cinema chains (Odeon and

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  • Added Value Capital Partners (AVCP) (Royston)
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Matthew Gaved, The UK Office of Fair Trading clears the acquisition of a multiplex cinemas chain by a private equity firm which had recently acquired the UK’s largest cinema chain, subject to 11 locality specific divestments (Terra Firma/UCI) , 7 January 2005, e-Competitions January 2005, Art. N° 20810

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