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Announced

31 Jul 2015

Completed

16 Oct 2015

Providence, WPP offered $576.8m for Chime Communications.

Synopsis

Providence Equity Partners and WPP agreed to acquire Chime Communications plc for approximately £374m ($576.8m) in cash. WPP already owns 20% in Chime and reportedly plans to keep it stake at that amount, making Providence the majority owner. London-based Chime is a communication and sports marketing group.

Principals

target

Chime Communications

bidder

Providence Equity Partners

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Market Context

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Seller Team (12)

matt vandrau

Group Chief Executive at CHIME COMMUNICATIONS PLC

Manager

target

Deals

£ 393 M

Total Value

geoffrey austin

Managing Director at Moelis & Co

Financial Advisor

target

Deals

£ 4.88 B

Total Value

liam beere

Managing Director at Moelis & Co

Financial Advisor

target

Deals

£ 44.55 B

Total Value

charles packshaw

Hsbc

Financial Advisor

target

Deals

£ 1.12 B

Total Value

james simpson

Co-Founder at Hsbc

Financial Advisor

target

Deals

£ 38.18 B

Total Value

antonio bavasso

Allen & Overy

Lawyer

target

Deals

£ 175.61 B

Total Value

jonathan brownson

Allen & Overy

Lawyer

target

Deals

£ 1.43 B

Total Value

karan dinamani

Allen & Overy

Lawyer

target

Deals

£ 6.77 B

Total Value

benjamin geisel

Allen & Overy

Lawyer

target

Deals

£ 10.05 B

Total Value

peter harper

Allen & Overy

Lawyer

target

Deals

£ 3.18 B

Total Value

jeff hendrickson

Allen & Overy

Lawyer

target

Deals

£ 17.14 B

Total Value

juergen schindler

Partner and Head of Antitrust at Allen & Overy

Lawyer

target

Deals

£ 17.64 B

Total Value

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