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Permira Takes A Look At Vue Cinemas - Source

Fri, 09th Jul 2010 17:10

By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--London-based buyout firm Permira is interested in buying Vue Entertainment, the cinema chain that forms part of the assets sold earlier this week by Lloyds Banking Group PLC (LYG) to Coller Capital, a person familiar with the situation said Friday. Permira is working together with management but talks are at an early stage, the person added. Vue is majority-owned by Coller Capital together with U.S. hedge fund Och-Ziff and has a long history of private equity ownership, having previously been owned by Legal & General Ventures, the private equity arm of U.K. Legal & General Group PLC (LGEN.LN), together with U.S. private equity houses Boston Ventures and Clarity Partners. -By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241; marietta.cauchi@dowjones.com (END) Dow Jones Newswires July 09, 2010 12:10 ET (16:10 GMT)

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