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Transactions and Cases

Ontario Teachers' Pension Plan to acquire Camelot Group plc 

Torys is representing Ontario Teachers' Pension Plan on regulatory, structuring and governance related matters in this acquisition. The team includes Stephen Donovan, John Cameron, Matthew Atkey and Bill Estey.

On March 25, 2010, The Ontario Teachers' Pension Plan (Teachers') announced that it has agreed to acquire Camelot Group plc, which has an exclusive licence to operate the UK National Lottery, for an estimated consideration of £389 million.

Teachers' will acquire the shares from Camelot's five shareholders: Cadbury Holdings Ltd., De La Rue Holdings plc, Fujitsu Services Ltd., Royal Mail Enterprises Ltd. and Thales Electronics plc. Completion of the transaction is conditional upon approval from Camelot's regulator, the National Lottery Commission.

Further information is found here.