Financing for Proposed Acquisition of Iconic Pinewood Studios

August 15, 2016

London – Paul Hastings LLP, a leading global law firm, announced today that it has advised European Real Estate Debt II S.à r.l and DRC European Real Estate Debt III No. 2 S.à r.l., two funds advised by DRC Capital LLP, as the arrangers and original lenders on the financing of the £323.3 million proposed acquisition by Picture Holdco Limited of Pinewood Group plc, one of the leading providers of studio and related services to the worldwide film and television industries and the owner of Pinewood and Shepperton studios (the iconic home of the James Bond and Star Wars films, amongst others).

Picture Holdco Limited is an English company indirectly owned by funds managed by Aermont Capital LLP, a London-based asset manager. Picture Holdco Limited announced on Friday, 12 August 2016 that it was making a formal offer for the acquisition of the entire share capital of Pinewood Group plc. The acquisition is anticipated to complete by way of a scheme of arrangement.

The Paul Hastings team in London was led by finance partner James Taylor with associate Cynthia Lee, and included corporate associates Matthew Poxon and David Prowse, tax partner Arun Birla and associate Michael Graham, and real estate partner Mark Shepherd and associates Danielle Hirsch and Emmanuelle Tannen.

Jones Day advised Aermont/Picture Holdco.

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