McDermott Advises Investment Consortium led by Pembroke on Acquisition of Boat International Media
LONDON (15 January 2014) — International law firm McDermott Will & Emery advised an investment consortium led by Pembroke VCT (Pembroke) on the acquisition of Boat International Media. McDermott’s London Private Equity team advised on the acquisition and the shareholder arrangements with the investor group and consortium. The consortium comprised Pembroke, Lepe Capital and certain private investors.
Boat International Media publishes more than 1.4 million magazines on a global basis and specialises in the media, events and networking arena for yachts and superyachts.
Commenting on the transaction, Andrew Wolfson, CEO of Pembroke, said: “Boat International Media is the leading player in the superyacht industry with an unrivalled reputation amongst yacht owners, brokers and service companies alike. The company has achieved impressive growth in sales despite the economic downturn and profitability and momentum continues. We look forward to working with the experienced management team and supporting their strategic plan to further develop Boat International’s print media platforms as well as accelerate the transition to digital.”
London Private Equity Partner Russell Van Praagh led the McDermott Will & Emery team with support from Senior Associates Eleanor West (Corporate) and Matthew Herrington (Tax).
Russell Van Praagh comments: “Pembroke is a new client of McDermott Will & Emery and we are pleased to have advised them and their co-investors on the acquisition of one of the pre-eminent media groups servicing the yachting and super yacht industry”.
About McDermott Will & Emery UK LLP in London
McDermott Will & Emery in London is long established and many of our partners are recognised as leaders in their fields. McDermott’s London office complements the Firm’s capabilities in Belgium, France, Italy and Germany. McDermott in Europe has extensive experience of advising institutions, corporates and management on the acquisitions and disposals of private equity assets.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,100 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, D.C. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.