Pinewood Studios acquires Shepperton Studios for £40m from Candover, Tony and Ridley Scott, and the management. Special effects company The Mill, in which Shepperton held a stake, underwent a £28m management buyout (MBO) backed by 3i. Pinewood Studios represented by Travers Smith Braithwaite (Chris Hale). Shepperton Studios' management team represented by Marriott Harrison (Jonathan Pearce). The Royal Bank of Scotland provided senior debt on the purchase of Shepperton and was advised by DLA. The bank was represented by Macfarlanes on the MBO of The Mill.

Anglo American, Central Holdings and Debswana Diamond Company acquires De Beers for £12.09bn. Anglo American advised by Linklaters & Alliance (David Cheyne), Maitland & Co (Edward Southey), Freshfields Bruckhaus Deringer (Simon Marchant), Ashurst Morris Crisp (Geoffrey Green), Shearman & Sterling (Steven Sunshine). Senior debt and bridge financing providers Dresdner Bank Luxembourg and UBS Warburg advised by Clifford Chance. Financial advisers Merrill Lynch and UBS Warburg. Brokers Cazenove, UBS Warburg, Dresdner Kleinwort Wasserstein Securities. De Beers advised by Herbert Smith (Michael Walter). Financial adviser Rothschild.

Hunting disposes of its defence services subsidiary to Babcock International Holdings for £61m. Hunting represented by CMS Cameron McKenna (Gary Green), Sacker & Partners (Chris Close) and Ward Hadaway (George Scott). Financial adviser Close Brothers. Babcock advised by Slaughter and May (Kathryn Davis). Financial adviser Hawkpoint Partners.