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Nine offloads magazine arm
Gilbert + Tobin acted for Nine Entertainment Co in the sale of its ACP Magazines business to the Bauer Media Group, one of Europe’s leading magazine publishers.
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Gilbert + Tobin acted for Nine Entertainment Co in the sale of its ACP Magazines business to the Bauer Media Group, one of Europe’s leading magazine publishers.
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Firms: Gilbert + Tobin (Nine Entertainment Co); Corrs Chambers Westgarth (Bauer Media Group)
Deal: Sale of the ACP Magazines business (ACP) to the Bauer Media Group
Area: Corporate
Value: Confidential
Key players: Corporate advisory partner Rachel Launders is leading the transaction for G+T and is supported by a team including fellow partner Tim Gole (on the significant IT arrangements arising from the transaction) and lawyers Gail Christopher (banking and finance) and Jordan Kent (corporate advisory).
Andrew Lumsden is leading the Corrs team acting for Bauer.
Deal significance: The transaction was announced on 4 September 2012. ACP publishes titles including The Australian Women’s Weekly, Woman’s Day, Cleo, Take 5, TV Week, Australian House & Garden and Gourmet Traveller.
