With three cinemas across the UK and Germany, Light Cinemas aims to provide a unique entertainment experience in a friendly relaxed environment that offers excellent customer service and value for money. Featuring the latest blockbusters, independent and international films, plus the best live opera, ballet, theatre and pop concerts from around the globe, Light Cinemas also have fully-licensed café bars in their cinemas to create a unique cinema experience.
The investment by Connection Capital will help Light Cinemas to grow the business by acquiring the Cineworld multiplex cinema in Cambridge and opening seven brand new multiplex sites across the UK over the next four years. Additional debt funding was provided by Santander’s Breakthrough programme.
HMT LLP undertook financial due diligence for Connection Capital.
Miles Otway, Partner at Connection Capital commented,
“The team at HMT did a great job, swiftly and efficiently identifying the key financial issues, helping Connection Capital in our assessment and helping the business to focus on finding solutions that allowed the deal to complete. Connection Capital has worked with HMT on a number of transactions and the quality of work and advice on this engagement absolutely matched the very high levels we have come to expect from them. We look forward to working with the HMT team on future deals.”
Paul Read commented,
“We are delighted to have advised Connection Capital on their investment in Light Cinemas. With Connection Capital’s support, Light Cinemas is in strong position to continue their growth. We wish the business every success and look forward to working with them again in the future.”