Cineplex Inc.'s Player One Amusement Solutions business acquired by OpenGate Capital
Goodmans LLP acted for Cineplex Inc., a Canadian entertainment and media company, in connection with OpenGate Capital acquiring the amusement solutions business of Cineplex.
OpenGate acquired all of the issued and outstanding common shares of Player One Amusement Group for a total purchase price of $155 million in cash, subject to customary post-closing adjustments.
The transaction unlocks tremendous value for Cineplex and its stakeholders, while providing immediate liquidity for repayment of net proceeds against the company's credit facility.
The transaction closed February 1, 2024, and was subject to regulatory approvals and other customary closing conditions. As part of the transaction, P1AG entered into a long-term agreement to continue to supply and service amusement games in Cineplex's theatres and location-based entertainment venues.Featured Work
-
Mergers and Acquisitions
FINSIGHT Group Inc. announces intent to vote against Q4 Inc’s proposed plan to be acquired by Sumeru Equity Partners
Goodmans is acting for FINSIGHT Group Inc in connection with issuing a letter to the board of directors of Q4 Inc, announcing that it intends to vote AGAINST the Q4 Inc’s proposed plan of arrangement… -
Mergers and Acquisitions
Browning West issues letter to Gildan Activewear’s board of directors outlining steps to restore stakeholder confidence
Goodmans LLP is acting for Browning West, LP in connection with issuing a letter to Gildan Activewear Inc. advocating for the reinstatement of its former CEO, Glenn Chamandy… -
Mergers and Acquisitions
Apotex to acquire Searchlight Pharma
Goodmans LLP is acting for Apotex Inc. in connection with its acquisition of Searchlight Pharma Inc… -
Mergers and Acquisitions
FASHIONPHILE acquires Two Authenticators Business
Goodmans LLP acted for FASHIONPHILE, LLC in connection with its purchase of the assets of Two Authenticators Inc… -
Mergers and Acquisitions
Bazaarvoice Inc. acquires Granify Inc.
Goodmans acted for Bazaarvoice Inc., a leading platform for full-funnel authentic user-generated content and social commerce, in relation with it’s acquisition of Granify Inc., an e-commerce company… -
Mergers and Acquisitions
Majority interest in Kensington Capital Partners Limited acquired by AGF Private Capital Inc.
Goodmans acted for Kensington Capital Partners in connection with AGF Private Capital Inc.'s acquisition of a majority interest in Kensington. Kensington is one of Canada’s leading alternative…