Cineplex to sell amusement division to US private equity firm OpenGate for $155 million

Cineplex Inc., Canada's leading entertainment and media company, has agreed to sell its amusement division, Player One Amusement Group, to OpenGate Capital, a US private equity firm, in a deal valued at $155 million. Goodmans LLP is serving as the legal counsel and Scotiabank and TD Securities as financial advisors to Cineplex. The deal is expected to be finalized in the first quarter of 2024, subject to customary regulatory approvals.

Deal Type

Merger & Acquisition

Industry

Other

Transaction

$ 155,000,000

Deal Status

Closed

Closing Date

01 February 2024