Former Reporter

Venture Capital firm Albion Ventures has realised a 2.6 times return on its investment in six art-house cinemas, selling assets worth £12.5m to listed company Cineworld Group.

The sale is part of Cineworld Group's £47.3m acquisition of the Picturehouse art-house cinema chain, owned by parent group City Screen. Albion had a co-investment in six Picturehouse cinemas across the UK..

The sale of a chain of art-house cinemas to Cineworld has brought a healthy 2.6 times return for the venture capital firm

Dan Dunkley

Cineworld Group

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Albion completes Picturehouse sale

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