Evergreen- and Brookfield-led consortium $16 billion acquisition of Nielsen
We are advising Brookfield on the transaction
Davis Polk is advising Brookfield Business Partners L.P. in connection with the $16 billion acquisition of Nielsen Holdings plc by a private equity consortium led by Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P. together with institutional partners. The consortium has secured fully committed debt and equity financing, including an approximately $5.7 billion equity commitment from the consortium consisting of Evergreen and Brookfield. The transaction, which is expected to close in the second half of 2022, is subject to approval by Nielsen shareholders, regulatory approvals, consultation with the works council and other customary closing conditions. The transaction will also be subject to U.K. court approval pursuant to a scheme of arrangement.
Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Elliott Investment Management L.P. manages approximately $51.5 billion of assets. Nielsen shapes the world’s media and content as a global leader in audience measurement, data and analytics.
The Davis Polk corporate team includes partners Leonard Kreynin and Will Pearce, counsel Joseph Scrace and associates Shanu Bajaj, Michael Gilson and Rachel Schlosser. Partner Corey M. Goodman is providing tax advice. Partner Hilary Dengel and counsel Jonathan B. Brown are providing finance advice. Partner Mark M. Mendez is providing capital markets advice. Members of the Davis Polk team are based in the New York and London offices.