Düsseldorf / Frankfurt a.M., March 26, 2018– International law firm McDermott Will & Emery has advised German media group Constantin Medien AG on the sale of 12.4 million shares in Highlight Communications AG to Highlight Event and Entertainment AG. The transaction raised approximately €64.5 million sales proceeds.
The share sale follows a takeover bid in December 2017, in which Highlight Communications AG acquired 48.39% of Constantin Medien AG. The funds will be used to further solidify Constantin Medien AG’s finances.
McDermott has previously advised the Management Board and Supervisory Board of Constantin Medien AG on its public takeover.
The McDermott Will & Emery team was led by corporate partner Dr Philipp Grenzebach, alongside capital markets counsel Simon Weiß. Antitrust partner Christian Krohs also advised.
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Cologne, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Seoul, Silicon Valley and Washington, DC. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai. The German practice is led by McDermott Will & Emery Rechtsanwälte Steuerberater LLP. www.mwe.com.