Foot Anstey's private equity team has advised the ROI and US-based management team on the sale of Breakbulk from the Electra backed AXIO Data Group for a maximum consideration of $42m (c.£26.8m).
Breakbulk is a global exhibition and educational forum for breakbulk and project cargo professionals. The acquisition also includes a print and digital magazine providing transport and logistics industry coverage.
Matt Stoate, head of Foot Anstey's private equity group, led the specialist team that advised on this cross-border transaction. International work for the firm's leading Corporate Finance team continues to grow with links across the globe, but particularly in North America and the Middle East.
Matt commented; "We enjoyed working on another significant transaction with a seasoned management team who came to us because of our growing international reputation to provide City quality management advisory expertise."
Ian Blackman, Chief Financial Officer, commented; "We have seen the Foot Anstey team in action on a related transaction and liked the bespoke advisory, partner-led service they offer – and a management advisory role requires. Their involvement helped this deal achieve the tight timetable that the buyer and seller had set."
Foot Anstey’s Corporate Finance team regularly features highly in independent rankings; Foot Anstey has previously topped the Experian Corpfin Deal Review and Advisor League Tables for the South West and was also shortlisted for Corporate Law Firm of the Year at the SW Business Insider Dealmakers Awards 2014 and UK Law Firm of the Year at the Legal Week British Law Firm Awards 2014.