{
  "id": 8914131,
  "title": "National CineMedia completes Captivate acquisition for $275m",
  "url": "https://urgent.news/2026/09/21/national-cinemedia-completes-captivate-acquisition-for-275m",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-21T12:04:31.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/national-cinemedia-completes-captivate-acquisition-for-275m-93CH-4908956"
  },
  "original_language": "en",
  "account": "National CineMedia (NCM) finalized its acquisition of Captivate Holdings, LLC on Thursday for a total enterprise value of $275 million, as announced in a press release. Captivate specializes in digital video advertising networks within office and residential buildings throughout North America. Regulatory approval and meeting of other closing conditions finalized the transaction.\n\nTo finance the deal, NCM utilized a new $275 million senior secured first lien term loan facility, existing cash reserves, and a $25 million senior secured revolving credit facility, with $10 million drawn at the closing. The financing was provided by Crestline Direct Finance, L.P. and Encina Commercial Finance, with Crestline Direct serving as both administrative and collateral agent.\n\nPost-acquisition, the combined entity will manage over 48,000 digital screens located in 185 Designated Market Areas, including all top 100 markets. NCM's cinema advertising platform comprises approximately 22,000 theater and lobby screens across more than 1,750 theaters. Captivate, on the other hand, oversees more than 26,000 digital video screens installed in more than 11,000 office and residential buildings across North America.\n\nThe acquisition marks a significant milestone in NCM's strategy to expand its portfolio into a more extensive premium video and digital out-of-home advertising platform. Tom Lesinski, Chief Executive Officer of NCM, commented, \"The acquisition of Captivate is a crucial step in advancing our vision.\"\n\nNCM's digital cinema network is distributed across 44 theater circuits, encompassing major players such as AMC Entertainment Inc., Cinemark Holdings, Inc., and Regal Entertainment Group, which is a subsidiary of Cineworld Group PLC. NCM holds 100% ownership of National CineMedia, LLC.",
  "summary": null,
  "key_points": [
    "National CineMedia acquires Captivate Holdings for $275 million",
    "Financing includes $275M loan, cash reserves, $25M revolving credit",
    "Combined entity manages 48,000 digital screens across 185 markets"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}