Screen Cinemas has been acquired by Everyman Group
Family owned and operated Screen Cinemas, one of the UK's leading independent cinema chains, has been sold to the Everyman Media Group, owner of the Everyman Cinema Club. The Arrowpoint Advisory's Consumer, Retail and Leisure sector team advised the shareholders of Screen Cinemas, on the sale including owner and shareholder Romaine Hart OBE.
Screen Cinemas a "London institution", operates seven cinemas across the Capitol and the South East. Given its iconic status, Screen attracted strong interest from other independent cinema operators, larger trade players, and a number of international investors. Everyman prevailed in a highly competitive sale process.
Everyman currently operates one luxury cinema in Hampstead with further sites in the pipeline, including a new venue in Hammersmith. Its board and major shareholders have an enviable retail and leisure pedigree. Following the transaction, they will comprise Lloyd Dorfman, founder of Travelex; Adam and Sam Kaye founders of the ASK and Zizzi restaurant chains; The Lewis Trust Group
Highly regarded and long-standing industry figure Romaine Hart OBE, said: “We are confident that the Everyman team will improve and enhance what we have created over the past 38 years, and will bring the business into the 21st Century. We are delighted with the advice and support we received from the Arrowpoint Advisory team led by Simon Cope-Thompson - their in-depth industry knowledge and experience and pro-active approach was invaluable.”
Simon Cope-Thompson, Managing Director at Arrowpoint Advisory said: “We are delighted with this deal and the milestone it marks in British independent cinema history. Everyman's vision for the cinema chain is both enthusiastic and ambitious and we look forward to seeing its success as the new company moves forward.”