Investec raises £53m for eOne to fund Mark Gordon Company acquisition
08 Feb 2018
Investec has raised $75m (£53m) for Entertainment One, to part-fund the $209m acquisition of the 49% stake in the Mark Gordon Company it did not already own.
Entertainment One is a global independent studio that specialises in the development,
acquisition, production, financing, distribution and sales of entertainment content, including La La Land, Peppa Pig and The Walking Dead.
Entertainment One previously owned a 51% stake in the Mark Gordon Company, whose productions include Grey’s Anatomy, Saving Private Ryan, Designated Survivor, Speed, Steve
Jobs and The Patriot.
Investec, which raised $75m via a placing of new shares, acted as joint broker and bookrunner
for the deal, arranging a two day roadshow with both new and existing institutional investors from the UK and North America.
Patrick Robb, co-head of Corporate Broking at Investec, commented:
“Entertainment One is an important client to Investec, so we are pleased to be able to help fund its continued growth.”
Investec has advised on a string of deals in 2018 to date, including Cineworld’s £2.5bn acquisition of Regal Entertainment and a €340m acquisition by Dechra. Investec is also advising on Melrose’s takeover bid for GKN and GVC’s recommended offer for Ladbrokes Coral Group.