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Herbert Geer works on capital deal for Village

Herbert Geer has advised its long-standing client Village Roadshow Entertainment Group on a recapitalisation.

user iconDigital 18 July 2012 Big Law
Herbert Geer works on capital deal for Village
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Firms: Herbert Geer and Latham & Watkins LLP (Village Roadshow Entertainment Group (VREG)), Akin Gump Strauss Hauer & Feld LLP (Trinity Opportunities Limited)

Deal: Village recapitalisation that included the injection of US$275 million in new capital as part of a six-year mezzanine and equity arrangement with Trinity, arranged by the company in conjunction with Hong Kong-based Shikumen Capital Management Limited

Area: Corporate

Value: US$380 million

Key players: Partners Peter Nankivell (pictured) and Michael Truelove led the Herbert Geer team in the current transaction, with specialist tax advice from special counsel Tony Pane and corporate senior associate Wendy Miler. Specialist British Virgin Islands advice on the transaction was provided by Michael Gagie at Maples & Calder. Akin Gump Strauss Hauer & Feld LLP advised Trinity out of Hong Kong and Los Angeles. Andrew Abernethy and Zach Wittenberg in the Hong Kong office led the transaction.

Deal significance: “Herbert Geer and Latham & Watkins have advised VREG on numerous transactions and this was another example that demonstrates the way in which both firms worked collaboratively,” said Herbert Geer chair Peter Nankivell. Herbert Geer is VREG’s long-standing adviser on corporate transactions. In 1996 the firm advised on the establishment of the film production arm of Village Roadshow Pictures and, in 2008, was instrumental in advising on the merger of Village Roadshow Pictures with the Concord Music Group.

 

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