Ogier has advised OMERS Private Equity (OPE) in equal partnership with Alberta Investment Management Corporation on behalf of certain of its clients (AIMCo), on its successful bid for Vue Entertainment (Vue) from Doughty Hanson and management for an enterprise value of GBP 935m (c USD1.48 billion). The acquisition was financed by the issue of GBP 300,000,000 fixed rate notes, EUR 290,000,000 floating rate notes, a GBP 50,000,000 revolving credit facility and shareholder loans and equity.
Vue is a highly successful operator of modern multiplex cinemas in the UK, Ireland, Germany, Denmark, Portugal, Poland, Latvia, Lithuania and Taiwan.
Working alongside Allen & Overy LLP (Gordon Milne and Joanna Elvidge), cross-departmental teams at Ogier in Jersey played a significant role in both the corporate and financing aspects of the transaction.
Latham & Watkins acted with Carey Olsen for the transaction lenders and note trustees and Skadden, Arps, Slate, Meagher and Flom acted for Doughty Hanson, with the Vue management team being advised by Debevoise and Plimpton together with Mourant Ozannes.
The Ogier Jersey legal team was led by partner Chris Byrne who was supported by Managing Associates Paul Burton (corporate) and Bruce MacNeil (finance) and associates Laura Hendrick, Anna Cochrane, Kylie Maguire and Jennifer Grigg.
Category: Finance & Business