Four US and UK firms are advising on Cineworld’s potential £2.7bn deal acquisition of US cinema chain Regal Entertainment.
Cineworld’s long-time adviser Slaughter and May is fielding a team led by partner David Johnson, alongside finance partners Guy O’Keefe and Ed Fife, while Skadden Arps Slate Meagher & Flom led on the US front.
Partner Ann Beth Stebbins is working with Cineworld from New York, having spent eight years in the firm’s London office.
The target, Regal Entertainment, has similarly instructed advisers for UK and US work, with WilmerHale partner Keith Trammell representing the firm’s client from Denver.
Macfarlanes was called in to advise on UK aspects of the transaction. London partner Harry Coghill is the lead partner for the firm.
Regal is the second-largest cinema chain in the US and Cineworld intends to fund its acquisition by way of a rights issue.
The announcement by Cineworld was released this morning by general counsel Fiona Smith, who was appointed to the role in 2015.
Cineworld had previously sought counsel from legacy Olswang, as well as Slaughter and May. The company listed on the London Stock Exchange in 2006, with Olswang advising on the float, alongside Clifford Chance and legacy Lovells.