MML Capital Partners ("MML") is pleased to announce that it has made an investment in VIP Cinema Seating ("VIP").
Headquartered in New Albany, Mississippi, VIP is the recognized leader in designing, manufacturing and servicing premium seating solutions for the movie theater industry. The Company provides a portfolio of seating solutions that suit the theatre's requirements for space utilization, quality and service.
Commenting on the investment, Stephen Simons, CEO of VIP Cinema, said: "During the next few years, VIP intends to pursue significant business opportunities in our industry. Therefore, we wanted a financial partner that would bring a value added, supportive and partnership approach to their involvement. We are very pleased to have found these qualities in the team at MML Capital."
Mark A. Evers, a Partner at MML who recently joined VIP's Board of Directors stated: "MML is delighted to have backed VIP's management team who has already built up an impressive business. As the key financial partner with trans-Atlantic resources, MML looks forward to working alongside management to achieve VIP's next stage of growth."
MML's investment was made from its fifth fund. Winston & Strawn LLP, Grant Thornton and EFA Partners served as MML's legal, financial and industry diligence advisors in connection with MML's investment.