Accountancy and advisory firm Moore Kingston Smith has advised London Theatre Company Holdings Limited (LTC) on its sale to Trafalgar Entertainment Group Limited.
The transaction includes the 900-seat Bridge Theatre in central London, a King’s Cross venue housing immersive entertainment company Lightroom, and all subsidiary businesses. Financial terms of the acquisition were not disclosed.
LTC was founded in 2017 by former National Theatre directors Nicholas Hytner and Nick Starr. The Bridge Theatre opened in October 2017 as the first new commercial theatre of scale built in central London in decades, staging notable productions including Guys and Dolls and Into The Woods.
Moore Kingston Smith acted as lead corporate finance adviser on the deal, providing M&A process management alongside tax and valuation support. The firm previously advised on the sale of the Theatre Royal Haymarket to Access Entertainment.
The advisory team was led by media corporate finance partner Paul Winterflood, alongside directors and specialists from the firm’s tax and valuations practices.
Paul Winterflood, media corporate finance partner at Moore Kingston Smith, said: “This is a fantastic outcome for all involved. London Theatre Company has built an exceptional venue in The Bridge Theatre, and Trafalgar Entertainment is the ideal partner to support its next phase. We’re delighted to have supported the shareholders through the process, securing a result that positions the company strongly for the future.”
Jake Irwin, chairman of the London Theatre Company, added: “We’re incredibly proud of what we’ve created with London Theatre Company and the reputation it’s established since opening. Finding the right partner to take the business forward, while preserving what makes The Bridge unique, was critical. Moore Kingston Smith provided invaluable support throughout the process. They were instrumental in delivering a successful outcome for the business and its shareholders.”