Rothermere Continuation Limited’s Acquisition Of The A Ordinary Shares In Daily Mail and General Trust plc

In UK Ashurst, advised on the matter.

Ashurst advised Lazard with a team including Karen Davies (Picture – Equity Capital Markets), Tim Rennie (Equity Capital Markets).

Lazard is acting as financial adviser to Rothermere Continuation Limited in its recommended acquisition of the A ordinary shares in Daily Mail and General Trust plc.

DMGT manages a diverse, multinational portfolio of companies, with total revenues of around £1bn, that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. With origins as one of the UK’s most successful newspaper companies, DMGT have a large and engaged audience in the UK and globally. DMGT is owner of the Daily Mail brand online, where it is one of the world’s most popular newspaper websites. Its B2B Information Services businesses supply high-value data, analytics and insights for the Property Information sector whilst its Events & Exhibitions business operates highly successful large-scale events.

RCL, the ultimate controlling party of DMGT, is owned by a trust for the benefit of the Viscount Rothermere and his immediate family.

The Ashurst team was led by partners Karen Davies (Picture) and Tim Rennie. They are being assisted by senior associate Aimee Carroll-Hewitt and associates Theo Palmer and Elnaz Amiri.  

Involved fees earner: Aimee Carroll-Hewitt – Ashurst; Karen Davies – Ashurst; Theo Palmer – Ashurst; Tim Rennie – Ashurst;

Law Firms: Ashurst;

Clients: Lazard;

Author: Giulia Di Palma