Hoyts cinemas sale closer with Pacific Equity Partners move
Pacific Equity Partners has asked a handful of lenders to submit indicative terms for a $500 million-odd debt package to bankroll the acquisition.
Source: afr.com
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Pacific Equity Partners has asked a handful of lenders to submit indicative terms for a $500 million-odd debt package to bankroll the acquisition.
PEP first acquired Hoyts in late 2007 in a deal valuing the cinema chain at $440 million.
Eight years after the private equity group sold the company to offshore investors, it’s taking another look and joining the bidders’ queue.
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