Penningtons Solicitors LLP’s corporate, commercial and intellectual property teams have advised on the acquisition of the business and assets of European Voice by Selectcom, a Paris-based information and media group and owner of Development Institute International (Dii). European Voice is the weekly news magazine of the European Union that was founded in 1995 by The Economist Group.
Penningtons acted together with Belgian law firm Koan Legal Strategies in advising Selectcom Finance, the guarantor under the sale agreement. The deal involved The Economist Group Newspaper Limited selling the business and assets of the publication to European Voice, which becomes a stand-alone Belgian company.
The corporate team of Charles Brooks and David Teare together with the commercial and intellectual property team of Joanne Vengadesan and Fiona Rodgers advised on the English law aspects of the transaction. This deal highlights Penningtons' strong track record in the media sector where the firm advises a broad spectrum of clients in publishing and new media.