Skadden is advising Apax Global Alpha Limited (AGA) on the recommended cash acquisition of all AGA shares by a newly formed Guernsey limited company indirectly owned by an Apax Partners LLP-advised investment vehicle. AGA is a closed-ended investment company listed on the London Stock Exchange.
The newly formed company will be partly funded by funds managed by Ares Management LLC and/or its affiliates.
The acquisition is intended to be effected through a court-sanctioned scheme of arrangement. The cash offer is £1.65 per share, valuing AGA at approximately €916.5 million (approximately £794.5 million) on a fully diluted basis.
The Skadden team is led by Katja Butler and Craig Kelly.