Lewis Silkin advises Next Fifteen Communications Group Plc on its acquisition of Charterhouse Research Ltd
26 September 2017
Lewis Silkin, a leading international law firm to creative agencies, has advised Next Fifteen Communications Group Plc (“Next 15”), the digital communications group, on the acquisition of the entire issued share capital of Charterhouse Research Ltd (“Charterhouse”) through its data and insights subsidiary, MIG Global Limited (“MIG”). This deal marks the fourth acquisition that the Lewis Silkin team has been instructed on by Next 15 this year.
Charterhouse is a leading specialist financial market research consultancy and its acquisition significantly enhances Next 15’s financial service offering. The initial consideration for the acquisition is £2.75 million and is comprised of £1.74 million as an up-front payment for the business and £1.01 million for the net assets acquired.
The deal is the fourth acquisition that Lewis Silkin has supported Next 15’s in-house legal team on, providing corporate, tax, and employment advice. Earlier this year Lewis Silkin advised Next 15 on its acquisitions of B2B market research consultancy, Circle Research, UK-based digital agency Velocity Partners and integrated digital agency Elvis Communications.
The Lewis Silkin team was led by Head of Corporate, Paul Rajput, and supported by corporate tax partner Matthew Rowbotham, corporate associate Daria Evdokimova and employment associate Charlotte Morgan.
Paul Rajput, Partner and Head of Corporate at Lewis Silkin, said:
"We are delighted to assist Nick and his team on a fourth strategic acquisition, a deal which emphasises Next 15’s commitment to building a deep data and insight capability. The deal showcases Lewis Silkin’s expertise and track record in the advertising and marketing industry, marking them as one of the leading M&A firms in the sector."
Nick Lee Morrison, General Counsel at Next 15, added:
“The acquisition of Charterhouse is a strategic step in enhancing MIG’s financial services offering and strengthening our data and insight capability. Paul and the team at Lewis Silkin continue to be our partner of choice when it comes to our strategic acquisitions and their high quality transactional advice and support coupled with excellent knowledge of our sector, ensures that the process is as seamless as possible.”