NEW YORK, July 3, 2018 /PRNewswire/ — Screenvision Media, a national leader in cinema media and advertising, today announced that Abry Partners, a leading media-focused private equity firm, has finalized its acquisition of a controlling stake in the company. Terms of the transaction were not disclosed.
“We see a very bright future for Screenvision,” said John Hunt, managing partner of Abry Partners. “We look forward to partnering alongside and investing with their first-rate management team to help further unlock future growth for the company as well as their leading network of exhibitors.”
As part of the transaction, the company’s existing owners, Shamrock Capital and AMC Entertainment Holdings, Inc. (NYSE:AMC), will retain minority stakes. John Partilla will remain as the company’s chief executive officer. Under his leadership, Screenvision Media has experienced 30% revenue growth and a tripling of profitability over the past three years.
“We couldn’t be more excited about our new relationship with Abry Partners and the potential for growth ahead of us,” said John Partilla, Screenvision Media CEO. “We have seen a tremendous amount of growth in recent years and are confident that this new chapter in our business will build even further on that.”
Moelis & Company served as financial advisor and Latham & Watkins LLP as legal advisor to Shamrock Capital on the transaction. LionTree Advisors served as financial advisors and Kirkland & Ellis as legal advisor for Abry Partners. Deutsche Bank provided debt financing for the transaction on an exclusive basis and acted as sole Lead Arranger and Bookrunner.