Sale of Major Theatre Chain
In a client engagement that spanned several years, we spearheaded the consolidation of a number of groups of small independent theatre companies into one legal entity which became known as Signature Theatres. Over the years, Signature Theatres experienced dramatic growth, aided by a series of rounds of equity and debt financings that we helped structure and document. Ultimately, Signature Theatres became the 15th largest theatre chain in the United States, with over 280 screens at 32 locations. Recently, we represented Signature Theatres in the cash sale of its theatres to Regal Cinemas, the country’s largest publicly held motion picture exhibitor.