Mergers & Acquisitions ·
National CineMedia, Inc. agreed to acquire 100% of Captivate Holdings, LLC for an enterprise value of $275.0 million…
NCMINational CineMedia, Inc.
National CineMedia, Inc. agreed to acquire 100% of Captivate Holdings, LLC for an enterprise value of $275.0 million in cash. The transaction is financed via a $275.0 million senior secured term loan and a $25.0 million revolving credit facility committed by Crestline Management and Encina Commercial Finance. Expected to close in the second half of 2026, the acquisition combines NCM's cinema advertising network with Captivate’s digital video elevator and lobby advertising platform across North America. The combined entity will operate over 48,000 screens in 185 Designated Market Areas. To prioritize debt reduction following the transaction, National CineMedia is pausing its dividend and share repurchase programs. National CineMedia operates as the largest cinema advertising platform in the U.S., connecting brands with audiences through movie theater screens.