Linklaters, Hengeler, Freshfields Advise on Bertelsmann Deal to Acquire Remaining Stake in Penguin Random House From Pearson
Linklaters advised Bertelsmann, while Freshfields advised Pearson and Hengeler Mueller advised investment bank BNP Paribas.
March 18, 2020 at 04:47 PM
2 minute read
Three large firms had roles in the Bertelsmann-Pearson deal in which German media conglomerate Bertelsmann paid €675 million ($741 million) to buy the remaining 25% of Penguin Random House from Pearson, giving the German company sole ownership of the world's largest trade publishing group.
Linklaters advised Bertelsmann, Freshfields Bruckhaus Deringer advised seller Pearson, and Hengeler Mueller advised investment bank BNP Paribas.
BNP Paribas, Fortis SA/NV, Barclays Bank Ireland PLC and National Westminster Bank PLC acted as mandated lead arrangers. The deal is subject to approval and is expected to close in the second quarter of this year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250