Macfarlanes advises Epiris on sale of TI Media
Macfarlanes has advised private equity firm Epiris on the completion of the sale of TI Media, the large UK publisher previously known as Time Inc UK, to Bath-based media company Future.
TI Media owns a diverse portfolio of publications including Ideal Home, Wallpaper and Horse & Hound, and sells over 350 million magazines every year.
Macfarlanes also advised Epiris on the purchase of TI Media from Meredith Corporation in February 2018. Since the purchase, Epiris has refocused the business, selling several titles and its portfolio of comics. This will be the first significant realisation of Epiris Fund II.
The Macfarlanes team for this matter was led by corporate and M&A partners Stephen Drewitt and Stephen Pike with assistance from senior solicitor Mark Stephens and solicitor Olivia MacLellan. This deal involved a large team from across the firm including competition advice from partner Malcolm Walton, senior solicitor Caja Griesenbach and solicitor Eleni Papadopoulos.
Drewitt says: “We were pleased to assist Epiris once again as part of their relationship with TI Media in a transaction which achieved a strong return for the client. We were also proud of the large Macfarlanes team who completed this complex matter whilst all working remotely.”