Howes Percival advises Gravity Media on multi-million pound acquisition
Leading regional law firm, Howes Percival, has advised Herts-based Gravity Media Group (GMG) on the multi-million pound acquisition of Input Media, one of Europe's leading sports production companies, which is based near Shepherd’s Bush.
Howes Percival lawyers from Milton Keynes, Northampton and Leicester acted in the deal.
Watford-based GMG was formed in 2000 as a holding company and owns, operates and acquires businesses largely serving the live broadcast sector. It owns worldwide broadcast specialists Gearhouse Broadcast and Hyperactive Broadcast who have worked on projects as varied as the Grand National, the French Open Tennis, Springwatch and Fifty Shades of Grey.
The multi-million pound deal will enable GMG to diversify its businesses into new areas and broaden its global offering. For more than 25 years, Input Media has been producing programming and using cutting-edge technology to deliver flexible broadcast solutions for some of the biggest sports federations, broadcasters and football clubs in the world.
Input Media's clients include UEFA, The FA, BBC Sport, ITV Sport, the French Tennis Federation, the International Tennis Federation, and Premier League clubs, Chelsea, Arsenal and Tottenham Hotspur.
Corporate partner Daniel Banton (pictured above) led the Howes Percival team which included Ben Mabbott, also from the corporate team, Nick Benton on employment law matters and Alexandra Kirkwood on commercial property.
Banton said: “We are delighted to have acted for and supported the Gravity team on such a high profile, strategic acquisition.
“Even in the current economic climate, the corporate team is completing significant sized deals and we have a strong pipeline of deals to come. We've expanded our capability considerably and, as a result, we've seen a real increase in the number of new instructions.
“There is a lot of momentum now behind the corporate team and the word is out there that Howes Percival are in the market with the appetite and expertise for the biggest deals.”