0370 270 6000

Nottingham dealmakers advise Apiary Capital on latest investment in Roar Techmedia

3 December 2019

Browne Jacobson has advised Apiary Capital on a significant investment in B2B exhibitions organiser, Roar Techmedia.

The investment has been used to acquire a portfolio of high profile trade sector events from Bristol-based Prysm Media Group.

These include leading recycling and waste management trade show RWM, the UK's largest disability and home care event Naidex, Call & Contact Centre Expo and Europe’s leading marketing event B2B Marketing Expo.

Apiary Capital is a lower mid-market private equity house that invests in businesses in the education, healthcare, business and technology sectors valued between £10m and £50m. This is the fourth investment from its inaugural fund which closed at £200 million in 2018.

The Nottingham based Browne Jacobson team consisted of corporate finance partner Mark Hughes, alongside associates Sam Sharp and Victoria Hustler.

Dan Adler, Partner at Apiary Capital, said:

“Roar Techmedia is taking advantage of a rapidly growing market opportunity and has a uniquely dynamic and powerful approach.

“The proven expertise of Roar’s management team, aligned with our track record in this sector, made it a compelling proposition for us.

“We look forward to working with the team as they implement their exciting plans for the exhibitions and to supporting the growth and global expansion of the business.

“Browne Jacobson’s knowledge and expertise is the reason why we have consistently brought them on board as part of our team to help us get the deal completed and we are delighted with Mark and his team.”

Mark Hughes added:

“We are delighted to have advised Apiary Capital on this important strategic investment which fits perfectly within its strategy of investing in businesses with exceptional management credentials, operating in strong growth sectors.”

Browne Jacobson is ranked by Experian as one of the country’s leading corporate finance teams with over 30 corporate and banking & finance lawyers delivering corporate and banking transactions across the wide range of services for domestic and international clients including, amongst others, FTSE 100 companies, private equity investors and the UKs leading banking institutions. The team has particular expertise in major strategic transactions, such as mergers and acquisitions (M&A), private equity and development capital investments, joint ventures and restructurings, property finance, refinancings, asset-based lending and regulated corporate work such as public company fundraising, funds formation and cross border restructuring.

Focus on...

Legal updates

Trigger happy when directors’ duties are the target?

In a judgment handed down yesterday the Supreme Court has affirmed that a so called “creditor duty” exists for directors such that in some circumstances company directors are required to act in accordance with, or to consider the interests of creditors. Those circumstances potentially arise when a company is insolvent or where there is a “probability” of an insolvency. We explore below the “trigger” for such a test to apply and its implications.

View

Published articles

Consumer duty - 'The drill-down' into the 'cross-cutting' rules

This article is the first in a series aimed to help firms get to grips on a practical basis with the ‘cross-cutting rules’ within the new ‘Consumer Duty’ framework.

View

Blogs

IR35 rules to be scrapped from April 2023

The Chancellor’s recent mini-budget provided a significant announcement for business as it was confirmed that the off-payroll working rules (known as “IR35”) put in place for public and private sector businesses from 2017 and 2021 will be scrapped from April 2023.

View

Legal updates

M&A trends in the specialist lending market

In this update, we look at what is behind the recent drive in Merger & Acquisition (M&A) activity involving high street lenders, Private Equity (PE) Houses, FinTechs and other specialist lenders. We also analyse the benefits that M&A activity offers to businesses and the touch upon the impact this trend is having on the competitive landscape.

View