£1.89 billion disposal Candover Partners Ltd, Cinven Ltd, Gala Group Ltd, Permira Advisers Ltd, Lehman Brothers Ltd, The Royal Bank of Scotland plc, Intermediate Capital Group plc, The management team at Gala Group Ltd
Candover Partners Ltd and Cinven Ltd have agreed the disposal of Gala Group Ltd to Permira Advisers Ltd for a total consideration of £1.89 billion. Gala has also completed a refinancing of the company's debt which was arranged and underwritten by Lehman Brothers Ltd, The Royal Bank of Scotland plc and Intermediate Capital Group plc.
Value: £1.89 billion
Announced: August 19 2005
Parties involved |
Legal advisers |
|
Candover Partners Ltd (Investment Companies) Selling shareholder |
Ashurst LLP
- London
Charles Geffen Barbara Allen John Watson |
|
Cinven Ltd (Investment Companies) Selling shareholder |
Ashurst LLP
- London
Charles Geffen Barbara Allen John Watson |
|
Gala Group Ltd (Media & Entertainment) Target |
Ashurst LLP
- London
Helen Burton Nicholas Avery Adrian Dear |
|
Permira Advisers Ltd (Investment Companies) Acquirer |
Linklaters LLP
- London
Raymond McKeeve |
|
Lehman Brothers Ltd (Speciality & Other Finance) Debt provider |
|
|
The Royal Bank of Scotland plc (Banks) Debt provider |
Linklaters LLP
- London
Gideon Moore |
|
Intermediate Capital Group plc (Speciality & Other Finance) Debt provider |
|
|
The management team at Gala Group Ltd |
Joelson Wilson & Co
- London
Sheldon Cordell |
