Ropes & Gray Advises VSS-Southern Theatres, LLC in the Sale of Movie Tavern to Marcus Theatres
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, securities & public companies counsel Christopher Capuzzi and private equity associate Sam Levitt.