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FGS Global handles Cineworld Group PLC as it confirms media speculation that the owner of Regal Cinemas in the US is mulling Chapter 11 bankruptcy among its “strategic options” to deal with slumping movie ticket sales.
Cineworld, which acquired Regal in 2018 for $3.6B, has reported a recent uptick in attendance though admissions are well below expectations.
The world’s second-largest movie chain, after AMC Entertainment, faces coming maturities on its $5B debt load.
A Chapter 11 filing would restructure that debt and provide additional liquidity, the company said on Aug. 22.
Cineworld and Regal theaters remain open for business
FGS Global has James Leviton, Ed Treadwell and James Thompson directing the Cineworld business.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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