Ashurst advises Really Useful Group on theatres purchase
Ashurst is advising the Really Useful Group on Andrew Lloyd Webber’s plans to buy the remaining 50 per cent share of Really Useful Theatres from joint venture partner Bridgepoint Capital. The sale price is undisclosed but sources close to the deal estimate it at around £100m. Lloyd Webber will have 100 per cent control of Really Useful Theatres after the purchase. Ashurst corporate partner Jonathan Angell is leading the negotiations. Travers Smith is advising Bridgepoint.
Koch opts for Latham on Georgia-Pacific acquisition
Latham & Watkins has won an instruction from Koch Industries on its $13.2bn (£7.61bn) acquisition of tissue products manufacturer Georgia-Pacific Corporation. The cash tender offer is worth $48 (£28) per share for Georgia-Pacific shareholders. The total value of the transaction is $21bn (£12.11bn), including debt. Shearman & Sterling acted for Georgia-Pacific, led by M&A partner Creighton London. Jones Day advised Koch on antitrust issues.
Finers helps Express sell Rupert Bear rights
Finers Stephens Innocent has advised Express Newspapers on the sale of the controlling interest in Rupert Bear to Entertainment Rights. The deal, under which Express Newspapers will receive £6m-plus in ongoing royalties, will also see Rupert reborn as a new, younger-looking character.
Blake Lapthorn boosts Gale relationship with sale to Fullers
Blake Lapthorn Linnell has strengthened its relationship with Hampshire brewer George Gale by advising on its £92m sale to Fuller Smith and Turner, the Chiswick-based brewer. Gale’s portfolio includes a brewery as well as 111 freehold pubs. The deal will raise Fullers’ estate to a total of 360 pubs. Blake Lapthorn Linnell was led by partner Stephen Archibald. Freshfields Bruckhaus Deringer advised Fullers.