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Acquisition of Lord Coe's 93% Interest in Complete Leisure Group Limited
Goodman Derrick's corporate department have recently completed on Chime Communications PLC's acquisition of Lord Coe’s 93% interest in Complete Leisure Group Limited. The team also advised Chime in connection with the option to acquire the shares in October 2012 and then on the exercise of that option and deal completion.
The acquisition of CLG, Lord Coe’s management company, is an important part of Chime's ongoing strategy to become one of the top three global sports and entertainment businesses. Lord Coe has been retained by Chime and has been appointed Executive Chairman of CSM Sport and Entertainment, the sports marketing division of Chime.
Chime is an international communications and sports marketing group, including CSM, the VCCP partnership in advertising, the Good Relations Group in public relations, Open Health in healthcare communications, Teamspirit a specialist in financial and professional services and CIE the insight and engagement agency. For more information about Chime please visit www.chimeplc.com.
In the last year the Goodman derrick's corporate department have advised Chime on 12 separate transactions as they execute their buy and build strategy.