International law firm Allen & Overy has advised in relation to the debt
financings relating to the acquisition of The Unique Pub Company Limited by
Enterprise Inns plc for an enterprise value of approximately £2.3 billion.
Allen & Overy advised Deutsche Bank AG London and certain other banks as
mandated lead arrangers of a £610 million corporate debt facility and
advised Dresdner Kleinwort Wasserstein, Goldman Sachs International and HSBC
plc as mandated lead arrangers of a separate £170 million term loan
facility.
Completion of the acquisition, which was made pursuant to the exercise of an
option to acquire The Unique Pub Company Limited granted in favour of
Enterprise in March 2002, occurred on 31 March 2004.
The Unique Pub group owns in excess of 4,000 leased pubs and prior to its
acquisition by Enterprise was controlled by a consortium of private equity
funds managed by Cinven, Morgan Stanley’s Princess Gate Investors and Legal
& General Ventures. Combined with Enterprise’s own estate, the
Enterprise/Unique pub estate now comprises over 9,000 pubs making it the
largest pub owner in the UK.
Banking partner Andrew Bamber led the Allen & Overy team assisted by
associates William Lucas, Jon Richards and Stephen Massa.
CMS Cameron McKenna advised Enterprise Inns plc.
