Raft of Top Firms Secure Lead Roles on £6BN Merlin Deal
Slaughter and May, Clifford Chance, Kirkland & Ellis and others secure the lead roles on the mega deal.
June 28, 2019 at 04:46 AM
2 minute read
Slaughter and May, Clifford Chance, Kirkland & Ellis, Latham & Watkins and Ashurst are acting on the £6 billion ($7.6 billion) take-private acquisition of Merlin Entertainments, the owner of attractions including Legoland Resorts, Alton Towers and Madame Tussauds.
Slaughter and May is advising Merlin, which is being taken out of public ownership by a consortium headed by Kirkbi, which is the majority shareholder of Lego. The Slaughters team is being led by corporate partners Steve Cooke and Rob Innes, competition partner Lisa Wright, employment partner Phil Linnard, and tax partner Gareth Miles.
The relationship is fairly new for Slaughters, which has been acting for Merlin for about 18 months.
Clifford Chance is advising Kirkbi, with M&A and corporate partners Steven Fox and Tim Lewis heading the team. Kirkbi, which already owns 29.6% of the listed company, is heading the bidding consortium on the agreed bid and will own 50% of Merlin.
The other half will be owned by the other consortium members: alternative investment firm Blackstone Group and the Canada Pension Plan Investment Board (CPPIB).
Kirkland & Ellis is acting for the Blackstone group, with a team led by M&A and private equity partners David Higgins and David Holdsworth.
Latham & Watkins is advising CPPIB, led by corporate partners Mike Bond and Richard Butterwick.
Ashurst is advising Lazard, which is the financial adviser to the bidders. Its team is being led by corporate partner Karen Davies and banking partner Tim Rennie.
The valuation of the shares is about £4.8 billion, which combined with the company's debt takes the enterprise value of the company to almost £6 billion.
Merlin Entertainment is Europe's largest visitor attraction operator, with more than 130 attractions including Legoland and Madame Tussauds, 19 hotels and six holiday villages across 25 countries.
This content has been archived.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.
You Might Like
View AllLawyers Among Those Convicted as Hong Kong High Court Sentences 45 Activists to Prison
South Africa Regulator’s Staffing Problems Leave High-Stakes M&A Deals in Limbo
4 minute readGerman Court Finds Facebook Must Pay Users for Data Breach, But Less Than Expected
Singapore Tycoon Loses Suit Against HSBC, Sentenced To Prison On Forgery Charges
Trending Stories
- 1'We’re Here to Empower People to Make Good Decisions': Why Compliance Chiefs Must Learn to Think Like a Businessperson
- 2People in the News—Nov. 19, 2024—Pond Lehocky, Duane Morris
- 3Court System's Franklin H. Williams Judicial Commission Presents Annual Diversity Awards
- 4Commentary: James Madison, Meet Matt Gaetz
- 5The Narcissist’s Dilemma: Balancing Power and Inadequacy in Family Law
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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