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Digital media services company sold

Digital media services company sold

Anton Harris

Two firms have advised on the sale of an Australian printing and digital media services business to PMP Limited.

Firms: Norton Rose Fulbright (IPMG Group); Ashurst (PMP Limited)

Deal: IPMG Group has been acquired by PMP Limited.

Value: $120 million

Area: M&A

Key players: The legal team advising PMP Limited was led by corporate partner Anton Harris (pictured), with assistance from corporate senior adviser Bill Koeck, banking and finance partners Jennifer Schlosser and Shawn Wytenburg, employment partner Jennie Mansfield, insurance partner Rehana Box, intellectual property partner Anita Cade, property and projects partner Andrew Deane and environment partner Tony Hill.

Deal significance: The IPMG business provides printing and digital media services throughout Australia.

The deal is subject to a number of conditions, including approval by the PMP shareholders.

“We face significant challenges in the print industry in Australia due to changes in demand,” said Matthew Bickford-Smith, independent chairman of PMP.

“IPMG is a strong fit with PMP and together we are better placed to address these industry issues and create a more efficient and sustainable PMP.”

The deal is expected to be completed in January 2017.

 

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