A company founded in Melbourne in 1954 with the opening of a drive-in cinema, fell into the hands of private equity largely because COVID-19 killed the cinema.
Village Roadshow's lead independent director, Peter Tonagh, has capped a big year with the successful completion of the BGH Capital takeover of the cinema and theme park operator.
Tonagh's success at Village comes less than six months after he was heavily involved in the rescue of AAP, the 85-year-old newswire. He was the public face of a successful takeover of AAP by a group of business people and philanthropists.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
