£560 million acquisition Johnston Press plc, Regional Independent Media Holdings Ltd, Candover Investments plc, Deutsche Bank AG, Schroder Salomon Smith Barney, The Royal Bank of Scotland plc
Johnston Press plc has announced its proposed acquisition of Regional Independent Media Holdings Ltd. The purchase will be partly funded by a £220m rights issue, with the remaining sum covered by a new £680m senior bank facility arranged by the Royal Bank of Scotland and Deutsche Bank. Completion is subject to shareholder approval and to admission of new Johnston Press ordinary shares.
Value: £560 million
Announced: March 12 2002
Parties involved |
Legal advisers |
|
Johnston Press plc (Media & Photography) Acquirer |
Ashurst LLP
- London
Adrian Clark Barbara Allen Gonzalo Fernandez Nigel Parr Nigel Stacey Richard Kendall |
|
Regional Independent Media Holdings Ltd (Media & Photography) Target |
Addleshaw Goddard LLP
- Leeds
Yunus Seedat |
|
Candover Investments plc (Investment Companies) Vendor |
Macfarlanes LLP
- London
Charles Martin |
|
Deutsche Bank AG (Banks) Financial adviser to acquiror and arranger |
Allen & Overy LLP
- London
Adam Kupitz Catriona Smith Gary McLean John P Wotton Trevor Borthwick Linklaters LLP - London Bill Hobbs John Lane |
|
Schroder Salomon Smith Barney (Speciality & Other Finance) Financial adviser to acquirer |
Linklaters LLP
- London
Bill Hobbs John Lane |
|
The Royal Bank of Scotland plc (Banks) Arranger |
Allen & Overy LLP
- London
Adam Kupitz Catriona Smith Gary McLean John P Wotton Trevor Borthwick |
