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Lewis Silkin has advised the shareholders of Chartr Limited on its sale to Robinhood Markets, Inc.

09 January 2024

Lewis Silkin has advised the shareholders of Chartr, a data driven independent media company and newsletter publisher, on its sale to Robinhood Markets, Inc, the American financial services group headquartered in California, U.S.

Chartr will join Robinhood’s Sherwood Media portfolio. Robinhood Markets, Inc. formed Sherwood Media, LLC, in January 2023 as a home for news and information about the markets, economics, business, technology, and the culture of money.

Chartr’s visual storytelling turns data into easy-to-understand narratives. The acquisition of Chartr is a natural extension of Sherwood Media’s mission to empower its readers to have the information they need to control their financial future and will offer audiences unique insights into news and market moving trends.

Lewis Silkin’s deal team was led by Corporate Partner, Gavin McNaughton, with support from Elizabeth Cotton (Senior Associate) and Cody Hick (Trainee Solicitor). Tax advice was provided by Matthew Rowbotham (Tax Partner) and Michael Birchall (Tax Associate). The wider deal team comprised of James Stables (Employment Associate), Bryony Long (Data & Privacy Partner) and Lorcan Hurley (Data & Privacy Barrister).

Gavin McNaughton commented on the deal:

It was an absolute pleasure working with David, Nicholas and the wider Chartr team on this transaction. We are very excited to see Chartr build upon its success to date and continue to grow and tell its stories to an even wider audience as part of the Sherwood Media portfolio.

Chartr’s founder, David Crowther, commented:

As an independent media brand, choosing outside counsel to advise us on this exciting combination with Robinhood was always going to be one of the most important decisions we would make — and with Lewis Silkin, we got it absolutely right. Thank you to Gavin, Elizabeth, Cody, and the wider LS team who provided valuable and trusted advice throughout the process.

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