{"id":18256,"date":"2024-09-30T00:00:00","date_gmt":"2024-09-30T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-has-advised-the-shareholders-of-cinecity-on-the-sale-to-path\/"},"modified":"2026-06-16T11:47:38","modified_gmt":"2026-06-16T15:47:38","slug":"livingstone-has-advised-the-shareholders-of-cinecity-on-the-sale-to-path","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-has-advised-the-shareholders-of-cinecity-on-the-sale-to-path\/","title":{"rendered":"Livingstone Has Advised the Shareholders of CineCity on the Sale to Path\u00e9"},"content":{"rendered":"\n

Livingstone is pleased to announce the firm\u2019s Benelux team has acted as M&A advisor on the sale of <\/strong>CineCity<\/strong><\/a> to <\/strong>Path\u00e9<\/strong><\/a>. Transaction terms were not disclosed.<\/strong><\/p>

CineCity is the largest independent cinema in Zeeland, with locations in Vlissingen and Terneuzen.<\/p>

The Vlissingen site attracts 250,000 visitors annually, offers eight screens, a wide variety of films, and houses one of the largest theatres in the Netherlands. As the culture hub in the province, it also hosts the prestigious and second largest national film festival \u201cFilm by the Sea\u201d, drawing 45,000 guests yearly from both the Netherlands and abroad.<\/p>

The Terneuzen location features four screens and attracts 30,000 visitors annually. In total, CineCity offers 12 screens, accommodates more than 2,600 seats while employing over 100 staff members. Path\u00e9 will retain all current employees under existing contracts and conditions.<\/p>

Path\u00e9 is the largest cinema chain in the Netherlands, founded in Paris in 1896 by the Path\u00e9 brothers. It leads in theatre experiences and transactional video-on-demand (TVOD), operating 30 locations with 253 screens and 1,900 employees. Iconic venues like the Royal Theatre Tuschinski showcase films, live opera, gaming, and concerts in formats like IMAX and 4DX. Path\u00e9 Thuis extends the experience to home, offering a premium cinema experience both in theatres and at home. The transaction was signed in September 2024 and is expected to close in October 2024.<\/p>

\u201cI am pleased that CineCity is being taken over by Path\u00e9, the market leader in the Netherlands. It is special to hand over the company I have built with so much passion and dedication. I am fully confident that the team at Path\u00e9 is in good hands and that Path\u00e9 will not only maintain the quality and service of CineCity, but also further enhance it,\u201d<\/em> said Ad Weststrate, Founder and Owner of CineCity<\/strong>.<\/p>

Jacques Hoendervangers, CEO of Path\u00e9 Netherlands, Belgium, and Switserland, <\/strong>is excited about adding CineCity to their portfolio: \u201cWe are proud of this expansion, which now gives us a presence in the beautiful Zeeland region. We have always looked at CineCity with admiration and are pleased to now add this cinema to our portfolio. CineCity plays an important cultural role in the region, which aligns well with Path\u00e9. For the time being, we will continue to operate under the name CineCity, and we will carry on with what the CineCity team does so well: offering the best cinema experience and a wide variety of films.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Livingstone acted as the exclusive advisor for the sale of CineCity<\/p>\n","protected":false},"featured_media":4029,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-18256","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1860,1877,1904],"date":"20240930","client_type":58,"type":[1054],"region":[1223],"services":[469],"sectors":[899,907],"related_transactions":[18146,18144,18130,18123],"related_testimonials":[53787,53788],"contacts":""},"yoast_head":"\nLivingstone Has Advised the Shareholders of CineCity on the Sale to Path\u00e9 - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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