Brisbane-based creative agency Cutting Edge has sold its outside broadcasting division to Global Television in a deal advised by law firms Mallesons, Clayton Utz and McCullough Robertson.
Mallesons has acted for Catalyst's portfolio company Global Television, an Australian based provider of outsourced television production services, on their acquisition of Cutting Edge's outside broadcasting business and simultaneous refinancing of GTV's existing debt facilities.
Clayton Utz acted for the banks while McCullough Robertson acted for Cutting Edge.
The merged outside broadcasting business now gives GTV an expanded fleet of high definition outside broadcast trucks, the firm said.
The Mallesons team was led by M&A partner Lee Horan and senior associate Ryan Thorne, who were supported by solicitors Peggy Ching, James Yao and law graduate Iris Eow.
Finance partner, Richard Hayes, and senior associate Andrew Maynes, led the banking team which included solicitor Will Stawell and law graduate Sarah Hickey.
Lee Horan said: "We were delighted to be involved in this significant deal for Catalyst and GTV. We were involved in all aspects, from structuring, tax, competition, corporate and finance. The whole team worked seemlessly together which is one of the great strengths of Mallesons."
Hayes said it was an "exciting and challenging acquisition financing transaction with many moving parts". The work involved team members from the firm's banking, M&A and tax teams in its Sydney, Melbourne and Brisbane offices.
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