Last Updated: June 23, 2004 02:49pm ET

Group Led by Bain Capital Acquires Loews Cineplex for Just Under $2B

By Naomi Grossman

BOSTON-Locally based Bain Capital, along with the Carlyle Group and Spectrum Equity Investors, agrees to acquire Loews Cineplex Entertainment Corp. and Grupo Cinemex from Onex Corp. and its partner, Oaktree Capital Management LLC for approximately $1.5 billion. Loews is the third largest movie theater chain in the industry.

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