February 01, 2024

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.

"Goodmans works together, puts egos aside and serves clients effectively. It is really an exceptional law firm." — Chambers Canada
"Goodmans is exceptionally responsive, has cutting-edge expertise and is solution-driven." — Chambers Canada
"Goodmans is our law firm of choice for creativity, commerciality and integrity." — Chambers Canada
"Goodmans is great to work with, distilling very complicated issues and matters to their actionable essence." — Chambers Global
Goodmans LLP continues to be a leader in the corporate and M&A space, bringing strength to advising major multinational corporates and financial institutions involved in high-value, multi-jurisdictional M&A, reorganisations and corporate governance matters. — The Legal 500 Canada
Goodmans have excellent subject matter expertise and actionable strategy and advice. They give deep confidence of their ability to capably handle complex and sophisticated matters. — Chambers Canada
The corporate and commercial team has impressive depth with experienced and highly skilled counsel at all relevant levels, from senior partner to junior associate. — Chambers Canada
The Corporate/Commercial team at Goodmans make it seem as though we are their only client. They are our go-to external corporate-commercial counsel. — Chambers Canada
Clients note, "They have a good team of very experienced lawyers who know the process, " adding, "They have a good bench strength." — Chambers Canada
Clients note, "They get our business and what we're trying to accomplish. It's not just technical advice." — Chambers Canada
One interviewee reported, "The Goodmans team as a whole is excellent," adding: "The lawyers are very responsive and get the job done. It is of great assurance to have them as our legal advisers." — Chambers Canada
One client noted, "...they handled a very complicated transaction involving many jurisdictions and did a very good job. They are always able to make comparative decisions through a relatively simple way and try to balance risk and find solutions." — Chambers Canada
Clients note, "The client service at Goodmans has always been excellent, and they are very deep from a corporate and financing perspective." — Chambers Global
Interviewees praise the firm's work on cross-border matters, saying: "The team's coordination is superb, its work ethic unparalleled and the service excellent." — Chambers Global
One client noted, "very strong legal minds, focus in on the business issues...good communicators, include my internal team as much or as little as we may want on a particular project." — IFLR1000
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global
Clients commend Goodmans for being, "very entrepreneurial in their culture, in addition to being able to provide sophisticated and excellent legal assistance." — Chambers Canada

Practices

Industries

Cineplex Inc.'s Player One Amusement Solutions business acquired by OpenGate Capital

Site Search

Cineplex Inc.'s Player One Amusement Solutions business acquired by OpenGate Capital

Expertise

Featured Work