UK exhibitor Screen Cinemas has been sold to Everyman Media Group, the parent company of Everyman Cinema Club.

Investment banking firm Livingston Partners advised the Screen Cinemas shareholders, including managind director Romaine Hart, during the deal negotiations. Terms were not disclosed.

Screen Cinemas operates seven theatres across London and the Southeast of England - sites are in Baker Street, Belsize Park, Islington, Winchester, Reigate, Oxted and Walton-On-Thames.

The deal is part of Everyman's plans to open 50 cinemas across the UK in the next decade.

Daniel Broch, CEO and founder of Everyman Media Group said: 'By active management and careful investment we're demonstrating significant signs of life in the independent cinema sector which has a direct impact on local areas. This acquisition marks the true beginning of our quest to invigorate communities all over the UK.'

Hart added: 'We are confident that Daniel and his team will improve and enhance what we have created over the past 38 years, and with the benefit of new technology, will bring the business into the 21st century.'

Topics