August 15, 2016
By Haridas K.
UK – Pinewood Studios, the home of many international blockbuster films and movie classics, is to be acquired in a deal that value the company at £323.3 million (€383.7m).
Further to the announcement on 28 July 2016, the boards of Bidco and Pinewood are pleased to announce that Bidco has satisfied its financing pre-condition and accordingly Bidco and Pinewood have reached agreement on the terms of a recommended cash acquisition pursuant to which Bidco, a newly-incorporated company indirectly owned by PW Fund III, intends to acquire all of the issued share capital of Pinewood.
Bidco intends to support Pinewood, as an independent leading British business, by working with its existing management to further enhance its position as a global leader in the operation and provision of professional production facilities and related services under its iconic studio brands.