BAKER & MCKENZIE LLP: Baker McKenzie advises Cineplex in its acquisition by Cineworld Group


Baker & McKenzie LLP issued the following announcement on Dec. 20.

Leading global law firm Baker McKenzie is advising Cineplex in its acquisition by Cineworld Group for $2.1 billion. With nearly 11,200 screens around the world, the proposed transaction will create one of the world’s largest cinema companies.

The transaction ensures that Cineplex’s business, particularly its network of 165 movie theatres across Canada, has access to the global opportunities required to compete effectively in an evolving entertainment landscape. Cineplex’s long legacy of supporting the Canadian entertainment industry and its partners in the arts, including support for film festivals, programs and industry events across Canada, will continue. The transaction also creates a new partner for the Canadian film industry to collaborate with, as Cineworld Group has extensive distribution and exhibition businesses outside of Canada.

The Baker McKenzie team is led by Steven Canner and Creighton Macy and also includes Chris Guldberg and Mark Weiss. Scotiabank is acting as Cineplex’s exclusive financial advisor.

Baker McKenzie is one of the leading firms for cross-border transactions, providing strategic advice on deals involving the world’s leading financial institutions and multinational companies. From deal inception to business integration, we provide an end-to-end service that helps clients bridge the gap between aspiration and achievement. Baker McKenzie helps clients overcome the challenges of competing in the global economy. We solve complex legal problems across borders and practice areas. Our unique culture, developed over 70 years, enables our 13,000 people to understand local markets and navigate multiple jurisdictions, working together as trusted colleagues and friends to instil confidence in our clients.

Original source can be found here.

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