Solomon Partners advised Moviehouse & Eatery on its sale to Cinépolis
Solomon Partners advised Moviehouse & Eatery, an upscale dine-in movie theater circuit in Texas, on its sale to Cinépolis, the second largest cinema operator in the world with 26 locations across the US.
Moviehouse & Eatery co-founder Leslie Sloan said, “Cinépolis shares the same high standards that we maintain at Moviehouse & Eatery and it is the perfect company to take Moviehouse to the next level. We are excited that Cinépolis will expand the Moviehouse experience to people all across the country.” Moviehouse & Eatery co-founder Rodney Speaks added, “Cinépolis provides our Moviehouse & Eatery employees the opportunity to grow with a global exhibitor.” Speaks and Sloan, originally real estate developers before venturing into the dine-in theater business, intend to continue working with Cinépolis to develop new theater sites in the United States.
Effective immediately, the acquisition expands Cinépolis USA’s footprint, with no immediate plans to make any operational or guest-facing changes to the Moviehouse & Eatery brand. Moviehouse & Eatery will continue to operate independently until further notice and retain all existing employees, programs and scheduled events. Moviehouse & Eatery brings excellent talent, outstanding service and highly complementary strengths to Cinépolis, enhancing its ability to offer a premium experience to its guests and to create substantial value to its shareholders.
The transaction team was led by Rich Brail, Head of Media & Entertainment, and also included Adam Jaffe.