Dentons has advised the shareholders of Gravity Media Group, the owner of worldwide broadcast services specialist Gearhouse Broadcast, on a substantial investment by investment management firm TowerBrook Capital Partners.
The funds invested by TowerBrook will be used for future acquisitions by Gravity Media and to provide a cash return to the existing shareholders.
Nicholas Plant, private equity partner at Dentons, says: "With this investment into the business by TowerBrook, Gravity Media will be in a strong position to fulfil its strategy of bringing additional skills, expertise and services into the group through acquisitions, as well as ensuring value is delivered to shareholders. We are delighted to have been involved in the deal."
Plant led on the Gravity Media deal with support from senior associate Christopher Quinn and associate Farrah Kiyani.
Banking and finance partner Lee Federman advised on the debt financing of the acquisition with support from associate Robert McClean.
The Gravity Media deal follows a successful few months for the private equity team at Dentons, which has advised Barclays Ventures and the management team on the secondary buyout of Texon International Group by Asian private equity house Navis Capital Partners, and Blackstone on its USD1 billion acquisition of Armacell from Charterhouse Capital Partners.
The team also advised KSL Capital Partners on its sale of the Malmaison and Hotel du Vin hotel group to Frasers Hospitality UK.
