Investment Overview:

Consumer, Retail

One of the leading cinema operators in the Southern Cone. At the time of Linzor’s exit, Hoyts was the market leader in Argentina with 95 screens and the second largest player in Chile with 69 screens. Previously, the company also had operations in Brazil (15 screens) and Uruguay (8 screens) which were spun-off in 2009.

Hoyts General Cinema South America Inc.

Country: Regional
Investment Date: July 2007
Fund: LCP I
Current Status: Realized

Case Study

  • Non-core, corporate orphan owned by two large multinationals.
  • Invited minority investment from a strategic partner to incorporate best practices (Ulivi Family, owners of Cines Unidos in Venezuela).
  • Steady cash flows and variable cost structure allowed for a leveraged transaction.
  • Strong trademark and presence in Chile and Argentina.
  • Opportunity to improve non-ticket revenues and to consolidate the industry.
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