Associated British Foods (ABF) sells Burton’s Biscuits to Hicks Muse Tate & Furst’s funded newco Eubisco for £130m. ABF advised by Herbert Smith (Stephen Hancock), Hicks Muse Tate & Furst advised by Weil Gotshal & Manges (Andrew Harting). Debt finance provided by Donaldson Lufkin & Jenrette and Deutsche Bank, advised by Clifford Chance (James Johnson).
The Capita Group
The Capita Group acquires the remaining 74 per cent stake in Eastgate Group for £15m. The Capita Group represented by Herbert Smith (Tim Steadman). Shareholders Lion Holdings advised by Macfarlanes and Dukes Place Holdings represented by Debevoise & Plimpton.