Odeon & UCI Cinemas Group (Odeon & UCI) is a leading pan-European cinema operator with market-leading positions in the UK, Ireland, Spain and Italy and a strong presence in Germany, Portugal and Austria.
Asset-Backed: Odeon & UCI owned a number of its prime cinema sites in the UK plus some locations in Europe.
Requiring Fundamental Change: Terra Firma acquired Odeon and UCI as two separate businesses in late 2004 and merged them to create a leading European cinema operator. Odeon had historically suffered from a lack of clear strategic direction. UCI, meanwhile, was considered non-core by its previous owners and had gone through a period of under-investment. The merger of the two groups offered the chance to unlock value through integration savings and to take advantage of opportunities for further consolidation within the European cinema industry.
Developing through capital expenditure
Building through mergers and acquisitions
Lowering the cost of capital to create extra upside
Status of Investment: The Odeon & UCI investment has been fully realised. In December 2016, ODEON & UCI was sold to AMC Theatres.
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