Valiunas Ellex and Klavins Ellex Advise in Acquisition of Nordic Cinema Group
January, 2017 - Vilnius, Lithuania
European private equity firm Bridgepoint and Swedish media group Bonnier Holding have agreed to sell Nordic Cinema Group Holding AB to the USA cinema chain MC Theatres. The acquisition would be completed at the deal value of approximately EUR 870 million.
The transaction is conditional upon antitrust clearance by the European Commission, which is expected to be received in the first half of 2017.
Nordic Cinema Group is the largest cinema operator in the Nordic and Baltic regions with 68 wholly-owned cinemas. It is the owner of Forum Cinemas in the Baltics.
Valiunas Ellex and Klavins Ellex together with White & Case and Mannheimer Swartling assisted Bridgepoint and Bonnier in the transaction. On the Valiunas Ellex team worked senior associates Giedre Adomaviciute, Dovile Skesteniene, and associate Justas Cesnavicius. The team was led by senior associate Ruta Besusparyte. The Klavins Ellex team in Latvia was led by senior attorney Maris Brizgo and included senior attorneys Irina Kostina, Martinš Gailis and associates Inese Freivalde, Henrijs Niedra and Krista Zarina.
