In 2004, operational control of the Queen's Theatre reverted from Really Useful Theatres back to Cameron Mackintosh's Delfont Mackintosh Theatres. The transfer of operational control of the adjoining Gielgud Theatre from Really Useful Theatres to Delfont Mackintosh Theatres followed two years later. On 11 July 2005, the company sold four theatres (the Apollo, the Duchess, the Lyric, and the Garrick) to Nimax Theatres Ltd, a company owned by Broadway producer Max Weitzenhoffer, who previously had been a rival bidder for the Stoll Moss theatres, and Nica Burns, production director of Really Useful Theatres. Lloyd Webber invested £10 million of the proceeds from the sales in October 2005 to buy out his ownership partners Bridgepoint (formerly NatWest Equity Partners), and the group was renamed "Really Useful Theatres Group". The Palace was sold to Nimax in 2012. In 2014, the group split into two companies, and the owner of the theatres was named "Really Useful Theatres". In 2018, Really Useful Theatres changed their name to "LW Theatres" to avoid confusion with the other companies owned by Lloyd Webber.