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Paine Pacific advised Cinetopia in Growth Recapitalization

July 8, 2014

Paine Pacific advised Cinetopia in Growth Recapitalization

Seacoast Capital Announces Growth Recapitalization of Cinetopia

Seacoast Capital announced today that it has completed a Redeemable Preferred Unit investment in Cinetopia, LLC ("Cinetopia" or the "Company"). Based in Beaverton, OR, Cinetopia is one of the leading operators of premium dine-in movie theatres in the U.S., with 4 locations in the Portland, OR and Kansas City, MO DMAs. Seacoast Capital's investment will position the Company for growth as it continues de novo theatre builds in select U.S. markets in the coming years. Jamie Donelan, a Vice President with Seacoast Capital, commented, "The premium theatre model, in our minds, represents the future of the movie theatre experience, and we view Cinetopia as one of the clear leaders in the segment. Moviegoers have grown tired of the same old stale urban and suburban stadium-seating multiplexes. Cinetopia offers an unparalleled immersive moviegoing experience where the viewer can effectively choose his or her own adventure - from a VIP seating-equipped GXL theatre with 4K digital projection, an 80-foot screen and Dolby Atmos® Meyer surround sound, to an intimate Movie Parlor theatre complete with couches, wood paneling, and a fireplace - all while enjoying upscale, all natural farm-to-table food and some of the world's best wines and craft beers. Cinetopia is truly a game-changing model, and we're excited to be part of its growth."

About Cinetopia

Cinetopia operates 4 premium combination movie theatre/bar and restaurant concepts in Beaverton, OR, Vancouver, WA, and Overland Park, KS. Each of the Company's locations offers a mix of different theatre concepts - which include GXL, Grand, Living Room and Movie Parlor theatres - as well as a captive premium dining bar and restaurant, Brewtopia or Vinotopia. The Company's theatres offer state-of-the-art seating, 4K digital and 3D capable projection, and studio quality surround sound, with certain of its theatre concepts offering in-theatre dining. Brewtopia offers upscale, bar-style comfort food and 50 craft beers from local, regional and national breweries. Vinotopia offers farm-to-table, bistro-style cuisine and a 1,200 bottle wine list comprised of some of the best and most exclusive wines in the world. Vinotopia has garnered Wine Spectator's "Best Of" Award of Excellence for the past 5 years. In addition to its captive restaurants, Cinetopia offers premium concessions such as pastries, gourmet chocolates and a custom, chef-prepared popcorn "butter bar", as well as standard concessions and refreshments. In 2013, the Company's Vancouver Mall 23 and Progress Ridge 14 locations ranked #2 and #5 in box office gross respectively in the Portland, OR DMA out of 75 theatres. The Company was founded in 2005 by its current President and CEO, Rudyard Coltman.

About Seacoast Capital

Seacoast Capital was founded in 1994 to make non-controlling subordinated debt and equity investments in privately-held lower middle market companies. Seacoast Capital specializes in "sponsorless" transactions, preferring to deal directly with company owners or management teams, although it will selectively consider investments led by professional investor groups. Seacoast Capital typically provides between $3MM and $12MM of debt and equity capital for acquisitions, growth, shareholder buyouts, management buyouts, and leveraged recapitalizations to provide shareholder liquidity. While industry agnostic, Seacoast Capital broadly invests in the specialty manufacturing, value-added distribution, and business services sectors. Seacoast Capital generally targets investments in companies with a minimum of $10MM in revenue and $2MM of EBITDA. With offices in Boston and San Francisco, Seacoast Capital has the ability to invest in businesses across the U.S. - having invested approximately $300MM in over 20 states since 1994. More information on Seacoast Capital can be found at

For more information on the transaction, or to submit an investment opportunity, please contact Jamie Donelan, Vice President, by phone in Boston at (978) 750-1300, or via e-mail, or Patrick Gengoux, Associate, by phone in San Francisco at (415) 956-1400, or via e-mail at

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