Cinemex is a cineplex company based in Mexico

Mexico

The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...

 that has built a nationally branded cineplex

Cineplex

-Specific multiplex groups:*Cineplex Entertainment, Canada*Cineplex Odeon Corporation, Canada*Loews Cineplex Entertainment, United States*MegaStar Cineplex, Vietnam*Cineplex Australia...

 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

Mexico City

Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...

 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

Mexico City

Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...

, Monterrey

Monterrey

Monterrey , is the capital city of the northeastern state of Nuevo León in the country of Mexico. The city is anchor to the third-largest metropolitan area in Mexico and is ranked as the ninth-largest city in the nation. Monterrey serves as a commercial center in the north of the country and is the...

, Guadalajara

Guadalajara, Jalisco

Guadalajara is the capital of the Mexican state of Jalisco, and the seat of the municipality of Guadalajara. The city is located in the central region of Jalisco in the western-pacific area of Mexico. With a population of 1,564,514 it is Mexico's second most populous municipality...

, Toluca

Toluca

Toluca, formally known as Toluca de Lerdo, is the state capital of Mexico State as well as the seat of the Municipality of Toluca. It is the center of a rapidly growing urban area, now the fifth largest in Mexico. It is located west-southwest of Mexico City and only about 40 minutes by car to the...

, Cuernavaca

Cuernavaca

Cuernavaca is the capital and largest city of the state of Morelos in Mexico. It was established at the archeological site of Gualupita I by the Olmec, "the mother culture" of Mesoamerica, approximately 3200 years ago...

 and Puebla

Puebla

Puebla officially Estado Libre y Soberano de Puebla is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is divided in 217 municipalities and its capital city is Puebla....

.

History

Cinemex's first theater was Cinemex Altavista opened on August 2, 1995 and was 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 Onex Corporation and Oaktree Capital Management

Oaktree Capital Management

Oaktree Capital Management, L.P. is a global investment management corporation with about US$82.4 billion of assets under management. Oaktree's mission is to provide management with a primary emphasis on risk control in a limited number of sophisticated investment specialties...

 acquired Cinemex for $300m and two years later sold it to The Carlyle Group, Bain Capital

Bain Capital

Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private...

and Spectrum, investment funds corporations, each having a seat in Cinemex's board.