The Light has been acquired by Luke Johnson and Risk Capital Partners, with a plan to invest over £15 million to scale its innovative cinema and leisure business across the UK.
Information on the Target
The Light is a pioneering operator in the UK cinema and leisure market, known for its innovative combination of cinema and diverse entertainment options such as bowling, mini golf, interactive darts, climbing, and karaoke. With 13 venues across various local communities, The Light focuses on tailoring its entertainment offerings to meet the preferences of local demographics. Its unique approach to entertainment serves as a sustainable alternative for landlords of underperforming venues, moving beyond simple rent reductions.
Under the leadership of CEO James Morris, The Light has successfully established a resilient business model that not only protects the cinema experience but also reimagines leisure activities. The company is now poised for significant growth, supported by a new investment that aims to bolster its operations and expand its footprint across the UK.
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Industry Overview in the UK
The UK cinema and leisure industry has experienced considerable challenges in recent years, particularly due to shifts in consumer behavior and external disruptions. The emergence of home streaming services and changing entertainment preferences has
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Luke Johnson and Risk Capital Partners
invested in
The Light
in 2023
in a Recapitalization deal
Disclosed details
Transaction Size: $19M