Cinemark Plans $1.5 Billion Merger

(Dallas, Texas) – Cinemark, Inc., one of the world’s largest movie theater chains, has agreed to merge with affiliates of private equity investment firm Madison Dearborn Partners, Inc. in a transaction valued at approximately $1.5 billion, the company announced on March 12.

Cinemark’s officers and shareholders have approved the merger, which is expected to close in April.

After the merger, Lee Roy Mitchell, Cinemark’s chairman and CEO, will retain his titles and a significant equity stake in the company. Cinemark’s existing management team will remain in place as well.

Cinemark Vice President and General Counsel Michael D. Cavalier worked with Akin Gump Strauss Hauer & Feld on the transaction.  Lehman Brothers Inc. and Goldman, Sachs & Co. served as financial advisors to Cinemark.

Headquartered in Plano, Texas, Cinemark, Inc. is one of the largest motion picture exhibitors in North and South America, with 3,142 screens in 33 states and 12 countries, including Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Honduras, Nicaragua, Mexico and Peru.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 900 lawyers with offices in Albany, Austin, Brussels, Chicago, Dallas, Houston, London, Los Angeles, Moscow, New York, Philadelphia, Riverside, Riyadh (affiliate), San Antonio, San Francisco and Washington. The firm has a diversified practice and represents regional, national and international clients in a wide range of areas, including antitrust; banking and financial institutions; capital markets; communications; corporate and securities; employee benefits; energy, land use and environment; entertainment; estate planning, wealth transfer and probate; financial restructuring; government contracts; health; insurance; intellectual property; international; investment management; labor and employment; litigation; mergers and acquisitions; privatization; project development and finance; public law and policy; real estate and finance; taxation; and technology.

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