London, 26 March, 2010 – LawFuel.com – Leading international law firm Mayer Brown advised the five shareholders in the agreement to sell Camelot, the UK’s national lottery operator.
The shareholders of Camelot – Cadbury, De La Rue, Fujitsu, Royal Mail and Thales – have agreed to sell, subject to the consent of the National Lottery Commission, their shareholdings in Camelot Group plc and Camelot Global Services Limited to Premier Lotteries UK Limited, an English company controlled by Ontario Teachers’ Pension Plan (“OTTP”), for approximately £389 million.
Jeffrey Gordon, corporate partner at Mayer Brown, said: “We are delighted that the shareholders of Camelot chose Mayer Brown to act for them collectively in the competitive sales process which yesterday resulted in their agreement to sell this important UK institution. This transaction reflects the high calibre of work that the London corporate team handles.”
The Mayer Brown team was led by corporate partners, Jeffrey Gordon and Kate Ball-Dodd, together with corporate associates Patrick Hennessy, Julie Book and Rosie Hewitt.
Charles Whitefoord and Jannan Crozier of Baker & McKenzie advised OTTP.