Legal team behind luxury magazine MBO revealed
The corporate team at East Midlands-based law firm Shakespeare Martineau has advised a London media company on the management buyout of two popular luxury magazines.
Shakespeares’ corporate partner Lisa Botterill led the way in assisting Threadneedle Media’s acquisition of Square Mile and HEDGE magazines, helping the company to structure the management buyout and supporting on all legal aspects of the deal.
Square Mile, which is currently celebrating its 150th issue, is geared towards financial services professionals in London. It is distributed monthly to 60,000 executives. HEDGE, which has a distribution of more than 7,500, is the world’s only lifestyle magazine to cater to hedge fund managers.
Square Mile magazine
Botteril said: “The passion and dedication of the magazines’ new directors is clear to see, and I’m certain the business will go from strength to strength under the management. This is a major transformation for the business, one that we have assisted in all legal aspects, and I look forward to witnessing their continued success.”
Mark Hedley, managing director at Threadneedle Media, added: “Between the five directors, we have more than 65 years’ experience working on Square Mile and HEDGE magazines. These are brands that we helped build from the very beginning – and we’re thrilled to be at the helm now. It may be the same team, but it’s certainly a new chapter.”
