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Ropes & Gray Advises VSS-Southern Theatres, LLC in the Sale of Movie Tavern to Marcus Theatres

Practices: Mergers & Acquisitions, Tax, Real Estate Investments & Transactions, Executive Compensation & Employee Benefits, Private Equity, Securities & Public Companies

Ropes & Gray advised VSS-Southern Theatres, LLC, a portfolio company of private equity firm Veronis Suhler Stevenson, in the sale of Movie Tavern to Marcus Theatres, a division of The Marcus Corporation. The purchase price is valued at approximately $126 million, comprised of $30 million in cash and 2,450,000 shares of The Marcus Corporation common stock, subject to certain lock-up restrictions. The transaction, announced on Nov. 2, is expected to close early in the first quarter of 2019, subject to customary closing conditions.

New Orleans-based Movie Tavern is an industry leader known for its successful in-theatre dining concept featuring chef-driven menus, premium quality food and drink and luxury seating.

The Ropes & Gray team was led by mergers & acquisitions partner Carl Marcellino, tax partner Adam Greenwood, real estate partner Peter Alpert, benefits partner Alexandra Alperovich, private equity counsel Joshua Leuchtenburg, securities & public companies counsel Christopher Capuzzi and private equity associate Sam Levitt.

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