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Third string the United Kingdom film was sold to private equity company Doughty Hanson for 450 million from ￡.

Details of the agreement were still be finalized for the weekend, but the sale will result in a payment management - led by Tim Richards - more 51pc of profits.

Mr. Richards, who founded the overview in 1998 in the attic of a Greek restaurant in Chiswick, will shortly be not less than 25 m ￡ transaction.

Doughty Hanson bid against the House of competing capital, BC Partners and OMERS Canadian pension funds.

In a competitive process that saw the banks competing debt edged Doughty advance over its competitors thanks to management to deal with, he was ready to strike.

All three bids came roughly the same price, but the so-called "soft equity" offered management under rendered Doughty favorite with patterns overview.

View, which has more than 25 m a year attendances and cinema 884 displays, projected earnings before interest, tax, depreciation and amortization (EBITDA) to rent 60 million from ￡.The company had 335 m ￡ debt and, once the money on balance and working capital adjustments shall be taken into account, the capital NET is 140 million from ￡.

View was one of the HBOS key Bank Lloyds capital assets sold to secondary buyout, House capital necklace earlier this capital année.Collier and hedge fund OSH-Ziff have 29pc issues and 20pc respectively.

In the framework of Doughty Hanson, management was requested
reinvesting their leaving Mr. Richards with more than 10 million pounds in a lump sum cash payment 50pc.

In records of sales, Mr. Richards has established an ambitious plan to consolidate market cinéma.Vue 23pc of the British market orders and suggested an expansion and acquisition plan in Europe but also in rival listed support Cineworld - which is 20pc market - or even belonging to Terra Firma Odeon & UCI.

In the sales prospectus, Mr. Richards says there may be up to 15 m ￡ synergies annually.

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