Cinemex
From Wikipedia, the free encyclopedia
Cinemex is a cineplex company based in Mexico that has built a nationally branded cineplex chain.
Cinemex started with a college business plan. Adolfo Fastlicht, Miguel Angel Dávila and Matthew Heyman speculated that Mexico was ready for world-class 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 offered an attractive 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. The deal is generally acknowledged to be the largest venture capital start-up in Mexican history.
Since then, Cinemex has opened 48 cineplexes in Mexico City, Guadalajara, Toluca, Cuernavaca and Puebla.
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