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Blog // 08/04/2019

Deal Alert: sale of leading Outside Broadcast Facilities Company

Our Corporate Finance team recently advised on the sale of the entire shareholding in Telegenic to Euro Media Group (EMG), for an undisclosed sum.

Based in Buckinghamshire, Telegenic is an Outside Broadcast (OB) Facilities Company operating a fleet of 15 OB and production trucks equipped with the most advanced technology available for HD productions. The company currently provides services to some of the world’s most renowned sports and entertainment channels including Sky Sports, BT Sport and the PGA Tour. Telegenic employs over 100 people and recently opened offices in the US.

Through acquiring the entire stake in Telegenic, EMG strengthens its ability to provide better coverage of major live global events, whilst reinforcing its presence in the UK and Europe.

Following the acquisition, EMG will rely on the expertise of the current Telegenic management team to continue developing the business.

Led by John Foundling, Corporate Finance Partner, the team here at Menzies LLP advised Telegenic on all aspects of the disposal and supporting negotiations leading to its successful completion. In addition, the Menzies tax team also provided advice.

Peter Bates, Telegenic Ltd, Managing Director, commented:

‘Menzies help was invaluable in supporting us through the deal process and ensuring a successful completion. With their help in becoming part of EMG, we can now continue to build on the reputation we have for delivering excellence, operating alongside companies that share our passion, values and ambition’.

John Foundling, Menzies Corporate Finance Partner, commented:

John Foundling - Menzies Accountant‘I thoroughly enjoyed working with Peter and the management team to see the deal through to completion and have little doubt that the business will continue to thrive and prosper within the EMG European stable’.

For further details, please contact:
John Foundling directly:
e: jfoundling@menzies.co.uk
t: +44 (0)1489 566706

About Menzies Corporate Finance

Our broad commercial knowledge and understanding of a wide range of different stakeholder priorities are the defining traits of our corporate finance service.

We take a quality driven, proactive and personal approach to advising transactions. Our corporate finance team will provide you with director-level advice and support, while working alongside other Menzies people from the wide ranging skill set that is readily available within the firm to ensure that the advice we give encompasses all your needs.

For further information on our corporate finance services, please click here.

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