Mergers & Acquisitions ·
National CineMedia completes $275M acquisition of Captivate Holdings for cinema and OOH ad platforms
NCMINational CineMedia, Inc.
National CineMedia completed the acquisition of Captivate Holdings for $275 million in cash on September 18, 2026. The transaction was financed through a new $275 million senior secured first lien term loan and a $25 million revolving credit facility, with $10 million drawn at closing. Concurrently, the company repaid its existing U.S. Bank credit agreement in full. The acquisition combines NCM's cinema advertising network with Captivate’s office and residential digital video platforms, creating a premium out-of-home advertising entity with over 48,000 screens across 185 designated market areas. National CineMedia operates as the leading premium video and digital out-of-home advertising platform in the United States.