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Holding Redlich helps client take Next step
Wolseley Private Equity has sold publisher Nextmedia to Germany-based media conglomerate Forum Media Group.
Digital
Firms: Holding Redlich (Wolseley Private Equity); Tresscox Lawyers (Forum Media Group on Australian aspects of the deal)
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Deal: The sale of Nextmedia by Wolseley Private Equity to the Germany-based media conglomerate Forum Media Group
Area: M&A
Value: Undisclosed
Key players: The Holding Redlich team included partner Ian Robertson (pictured), corporate special counsel Michael MacMahon and lawyer Sarah Butler
Deal significance: Nextmedia is the publisher of titles such as Inside Sport, Golf Australia, Motorsport News and Girlpower. Forum Media Group is an umbrella brand for 25 media companies operating in 16 countries throughout Europe and Asia. Wosleley Private Equity partnered with Nextmedia CEO David Gardiner and commercial director Bruce Duncan in 2008 and has since grown the media company to include a stable of more than 40 magazines plus a range of DVDs, books, websites and posters. This is Forum Media Group’s first acquisition in Australia.
