Navis Completes Acquisition of BIG Cinemas in Malaysia and Merges BIG Cinemas with MBO Cinemas (Asia)
Source: Navis Capital Partners
Asia-focused private equity firm Navis Capital Partners has announced the acquisition of BIG Cinemas, a Malaysian operator of movie theaters, from Indian entertainment company Reliance MediaWorks. Navis merged BIG Cinemas with MBO Cinemas, a company it acquired in April 2012, to form a cinema chain operating 165 screens across 24 theaters. Financial terms of the transaction were not disclosed.