Travers Smith LLP has revealed that it recently advised Exponent and certain other shareholders on the sale of Dennis, an international media group, for a purchase price of £300m.
The Travers Smith team was led by private equity and financial sponsors partner Ian Shawyer and senior counsel Alex Dixon, with support from associates Eilidh Morrison, Jaryd Davidson and Cari Sweeney.
Commercial contracts advice was provided by partner Richard Brown and senior associate Mike Cuthbertson.
Tax advice was provided by tax partner Madeline Gowlett, assisted by associate Hugh Brooks and the team also included finance partner Donald Lowe, finance associate Michael Leadbeater and employment partner Alex Fisher.
David McGovern, partner at Exponent, said: “It has been a privilege to partner with James Tye and his team.
“We are delighted with the outcome and are confident the business will continue on this trajectory under Future’s ownership, an organisation that we and Dennis’ management admire.”
James Tye, CEO of Dennis, added: “In the three years that the business has been owned by Exponent, Dennis has been on an incredible growth journey, delivering double digit increases in subscription revenues, a greatly increased US footprint; and significant bottom-line increases.
“This is a testament to the talented team at Dennis who have helped make all of this happen. We look forward to working with the team in the future to continue growing the reach, influence and value of all our key brands and businesses.”