Paul Hastings Advises GFP Funds on Acquisition of Controlling Interest in Odeon Film AG

April 19, 2006

Paul Hastings Advises GFP Funds on Acquisition of Controlling Interest in Odeon Film AG

Deal Highlights Germany’s Evolving Regulatory Framework

London (19 April 2006) – Paul Hastings, a leading international law firm, advised GFP Funds, a media asset investment fund, in its acquisition of a controlling interest in Odeon Film AG, a long established TV and movie production company, from Bavaria Film GmbH. This divestment marks a stepping stone in the reorganisation of Germany's media landscape.

“The acquisition of Odeon Film AG is a milestone for our client and for our continuously growing German team, said Geza Toth-Feher, Head of the German Practice Group. “We are very happy to have been able to advise on this important and complex transaction and to contribute our M+A, media and German securities law experience.”

The Paul Hastings team has helped GFP Funds make sound commercial decisions on a timely basis with precise legal advise, said David Groenewold, CEO of GFP Funds. “I look forward to working with the team on many more transactions in the future.”

The Paul Hastings’ team, lead by partner Dr Geza Toth-Feher also included Robert Abt and Melanie Schumann.

Paul Hastings German Practice Group currently acts predominantly out of the London office where a team of attorneys provide advice on German inbound or German domestic transactions and supervise the transaction execution in Germany. Paul Hastings attorneys advise on corporate, finance, private equity, real estate and real estate finance matters as well as insolvency matters, transactions involving the acquisition of distressed companies, assets or debt (NPLs and SPLs), in exclusive processes as well as in auctions. The practice groups also has expertise in tax efficient structuring and fund formation work with respect to inbound investment into Germany.

Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,000 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.

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