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Howes Percival advises Gravity Media Group on multi-million pound acquisition
The Milton Keynes office of leading regional law firm, Howes Percival has advised Gravity Media Group (GMG) on the multi-million pound acquisition of Input Media, one of Europe’s leading sports production companies.
GMG was formed in 2000 as a holding company, and owns, operates and acquires businesses largely serving the live broadcast sector. GMG 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 top-quality 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, 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.
Daniel Banton commented; “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 Milton Keynes corporate team is completing significant sized deals and we have a strong pipeline of deals to come. This is one of three transactions that completed in our Milton Keynes office this month.
“We’ve expanded our capability considerably in MK 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.”
The news follows Howes Percival’s win at the 2017 Milton Keynes Business Achievement Awards. The firm scooped the Professional Practice Award, just two years after opening its new MK office in Knowlhill.