Cinemex
La Magia del Cine (Movie magic)
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| Subsidiary | |
| Founded | 1993 |
| Headquarters | Mexico City, Mexico |
| Website | Cinemex |
Cinemex is a cineplex company based in Mexico that has built a nationally branded cineplex chain.
Cinemex started with a college business plan. Adolfo Fastlicht, Miguel Angel Dávila Guzmán and Matthew Heyman speculated that Mexico was ready for larger movie theaters. When the regulations were lifted with the new Cinematography Law passed in Mexico in 1992, Adolfo Fastlicht and Miguel Angel Dávila decided that Mexico City offered a market for a high-end chain of theaters.
In 1994, they secured $21.5m in equity financing from JPMorgan Partners and a partnership of the Bluhm family of Chicago, CMex Investors.and some Mexican former politicians The deal is generally acknowledged to be the largest venture capital start-up in Mexican history.
Since then, Cinemex has opened cineplexes in Mexico City, Guadalajara, Monterrey, Toluca, Cd. Juarez, Leon, Tijuana, Mexicali, Puebla and many other cities across the country.
In 2016, Cinemex will open its first cinema in the United States at Brickell City Centre in the Brickell neighborhood of downtown Miami, Florida. It will also open another chain in America in Closter, New Jersey.
Cinemex's second theater was Cinemex Altavista opened on August 2, 1995 and the first was Unicornio Land opened in September 23, 1996, soon followed by Cinemex Santa Fe, the company's flagship, in October and Cinemex Manacar on January, 1996. That same year saw the opening of Cinemex Los Reyes and Cinemex Loreto.
In June 2002 and Oaktree Capital Management acquired Cinemex for $300m and two years later sold it to The Carlyle Group, Bain Capital and Spectrum, investment funds corporations, each having a seat in Cinemex's board.
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