Capital & Counties, a wholly owned subsidiary of Liberty International, has agreed to take a 50% stake in EC&O Venues (Earls Court and Olympia Group). The new joint venture will own and manage London's Earls Court and Olympia Exhibition Centres and the Brewery, and the deal values the company at approximately EUR 560 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
