Village Roadshow in takeover talks for theme parks, cinemas

Village Roadshow has entered into formal talks with a private equity firm to take over its Gold Coast theme parks and cinemas around the country.

The company told the ASX this morning that it has received a revised proposal from Melbourne-based BGH Capital, offering $2.20 per share which values the company at $429 million.

BGH will increase the offer to $2.40 per share if Village Roadshow’s theme parks including Movie World and Sea World, as well as cinemas reopen before shareholders meet to vote on the deal.


That would value the company at $468 million.

The offer from BGH is well above Village Roadshow’s closing price on Friday of $1.76.

“After careful consideration of the proposal, VRL has entered into a Transaction Process Deed with BGH under which BGH will be provided with the opportunity to undertake confirmatory due diligence and negotiate transaction documentation over a four week period on an exclusive basis,” Village Roadshow said in a statement to the ASX.

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Where are BGH Capital from (it days based in Melbourne, but I am keen to understand full situation). We need to stop selling our key assets to international companies, especially those with prime real estate…

Bgh also bidding for Virgin!!

They are australian and nz owned company google it

Rachel makes a very valid point.
A certain percentage of a share price should receive a tick for being Australian owned.
Come on “keep it here”

BGH Capital was established in 2017 by Robin Bishop, Ben Gray and Simon Harle with the objective of creating the pre-eminent private equity firm in Australia and New Zealand. BGH is headquartered in Melbourne and is an independent firm, owned and managed by its founding partners.