CMS advises Media Concierge on its recommended takeover of National World
CMS has advised Media Concierge on its £65.1m recommended takeover of National World. The takeover was effected by means of a scheme of arrangement and was funded in part by a £40m loan facility provided by HSBC UK Bank plc and Barclays Bank plc, which CMS also advised on.
Media Concierge has operations across the UK and Ireland in print and digital publications, advertising and logistics. Its portfolio includes traditional print news media, magazines and digital news media with a monthly print audience in excess of 15 million and a digital audience of approximately 35 million.
National World's principal activity is to operate in the news publishing sector. National World provides news and information services in the United Kingdom through a portfolio of multimedia publications and websites. National World operates a portfolio of print and digital publications providing advertisers with a range of market access points and readers with local content.
The CMS team was led by Corporate partner Alasdair Steele, assisted by Kieran O’Brien, Harry Cross and Archie Ward (Corporate); Patrick Donegan, Charlotte Choules and Holly Whittaker (Finance); Catherine Merry, Sarah McMaster and Marcus Salvendy (Employee Incentives); and Brian Sher, Claire Barraclough and Emma Waterhouse (Competition).
