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Nederlander acquires London theatre stake
Theatre operator, the Nederlander Organisation, has acquired the remaining share in London's Dominion Theatre after receiving backing from Lloyds TSB Corporate Markets.
The US-based company, which was founded in 1912 and currently operates nine Broadway theatres across the US, has now added the Dominion venue to its existing London portfolio comprising the Aldwych and Adelphi theatres. A team from Lloyds TSB Corporate Markets' technology, media and telecoms team worked with the Nederlander Organisation in order to provide a funding package that allowed the deal to be completed.
Nederlander International managing director Jerry Katzman said: "The team took time to work with us and understand the complexities of managing a theatre, such that they presented a flexible and workable structure to enable us to meet a time-constrained tender."
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