COBALT advises on sale of Nordic Cinema Group

COBALT advises European private equity firm Bridgepoint and Swedish media group Bonnier Holding on sale of Nordic Cinema Group, the largest cinema chain in the Nordic and Baltic countries. In Estonia, the group operates Coca-Cola Plaza cinema in Tallinn and Ekraan cinema in Tartu.

Nordic Cinema Group is being acquired by AMC Entertainment Holdings, Inc., the world’s leading movie exhibitor. Value of the deal is SEK 8,250 million (USD 929 million). The transaction is conditional upon antitrust clearance by the European Commission, which is expected to be received in the first half of 2017.

“AMC is the world’s leading movie exhibitor and we are proud to have caught their interest. They will be a perfect owner for Nordic. They share our long and successful history and our commitment to creating best-in-class movie experiences. AMC will bring valuable resources and expertise that will enable us to continue to innovate, grow and provide our customers with even greater movie experiences,” said Jan Bernhardsson, President and CEO of Nordic Cinema Group.

Our assignment comprises advising the sellers on Estonian law matters during the entire sale process, in cooperation with the sellers’ lead legal advisor Mannheimer Swartling.

COBALT team is led by Partner Marina Tolmatshova and Senior Associates Heleri Tammiste and Triin Ploomipuu.

Please see the press release from here.