The Benelux and Spanish teams of ONEtoONE Corporate Finance are pleased to announce the success of a new advised corporate financing operation. Kinepolis Group, a pioneering enterprise within the cinema industry, has acquired two cinema complexes belonging to Group El Punt.
As a result of this transaction, Kinepolis acquires the `Full Cinemas´ megaplex in Barcelona, the second-largest cinema in Spain, which has 28 screens, 2,687 seats and welcomes more than 1.3 million cinema-goers every year. In addition, Kinepolis gets `El Punt Rivera´ in Valencia, which has 10 screens, 2,528 seats and attracts more than 300,000 visitors annually.
Prior to this acquisition, Kinepolis Group already had 6 cinemas in Spain. Following the latest transaction, the company will run the three biggest cinemas in Spain: Kinepolis Ciudad de la Imagen in Madrid, Full in Barcelona and Kinepolis Valencia. In total, Kinepolis Group currently operates 97 cinemas (45 of which it owns) worldwide, with a total of 852 screens and more than 185,000 seats.
“This acquisition reaffirms ONEtoONE´s expertise in cross-border transactions, thus providing extra value to build-up processes.”
– Dominique Gazel-Anthoine, Managing Partner at ONEtoONE Spain
“This acquisition demonstrates the strength of our international network to initiate and advise meaningful M&A transactions for Belgian corporates. Our local approach is also very appreciated by Board and ExCo members during the negotiations.”
– Antoine van den Abeele, Managing Partner at ONEtoONE