This record is sourced from National CineMedia's own 8-K press release (Exhibit 99.1), furnished to the SEC on August 11, 2026, announcing the signing of the definitive agreement. The release states the acquisition is subject to customary closing conditions but does not specify an expected closing date.
BofA Securities is serving as exclusive financial advisor to National CineMedia on the acquirer side. Solomon Partners is serving as exclusive financial advisor to Captivate on the target/seller side.
Hogan Lovells Cadwalader is serving as legal counsel to National CineMedia. Gibson, Dunn & Crutcher LLP is serving as legal counsel to Captivate.
The transaction is valued at an enterprise value of $275.0 million. Captivate operates more than 26,000 digital video screens across more than 11,000 office and residential buildings in more than 170 DMAs in the U.S. and Canada, with its core business concentrated in more than 1,600 Class A and Class B office buildings that generate approximately 90% of Captivate's advertising revenue; the press release does not specify the consideration structure (cash versus other forms) or financing sources for the purchase.
Not disclosed in this filing: the cash/stock or financing mix for the $275.0 million purchase price, the expected closing date or timeline, any termination fee, and Captivate's standalone revenue or EBITDA figures.