IFLR1000

KIRKBI Invest/Blackstone/CPPIB £4.77 billion bid for Merlin Entertainments

27/6/2019
Public acquisition
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£ 4.77 billion

$ 6.017 billion

Announced

27/6/2019

Overview:

  • A consortium made up of KIRKBI Invest, Blackstone and CPPIB has made a bid for all shares in Merlin Entertainments.
  • Merlin Entertainments manages over 130 leisure attractions such as theme parks (including Legoland), hotels and holiday villages, it is listed on the LSE.
  • Under the offer, each shareholder would receive 455p per share valuing the company at approximately £4.77 billion.
  • The transaction is to be enacted via court-sanctioned scheme of arrangement.
  • Lazard is acting as financial adviser.

Sam Duke

 

Jurisdiction:

United Kingdom

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Governing law:

England and Wales

Industry sector:

Entertainment

Firms:
Ashurst

Party: Lazard (Financial adviser)

Lawyers: Karen Davies, Tim Rennie

Clifford Chance

Party: KIRKBI (Acquirer)

Lawyers: Simon Tinkler, Steven Fox, Tim Lewis

Kirkland & Ellis

Party: Blackstone (Acquirer)

Lawyers: Christopher Shield, David Higgins, David Holdsworth, Dipak Bhundia, Leon Daoud, Matthew Merkle, Stephen Lucas

Slaughter and May

Party: Merlin Entertainments (Target)

Lawyers: Robert Innes, Stephen Cooke

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