National World Accepts Final Cash Offer from Media Concierge
Deal News | Dec 19, 2024 | Orrick
In a significant move within the media industry, National World plc is set to be acquired by Neo Media Publishing Limited, a company newly created and wholly owned by Media Concierge (Holdings) Limited. The deal for the British multimedia news provider, as advised by legal firm Orrick, values National World's entire issued and to be issued share capital at approximately £65.1 million on a fully diluted basis. Additionally, the enterprise value of National World is estimated at £52.1 million. National World is recognized for its substantial portfolio of multimedia publications and digital services throughout the UK, previously making headlines with its IPO on the London Stock Exchange and the acquisition of JPI Group. Media Concierge, originally founded as Mediaforce, functions in both the UK and Ireland, primarily in print, digital publications, advertising, and logistics, and continues its evolution with this strategic acquisition. Orrick’s team, renowned for guiding National World through its IPO and subsequent expansions, is led by Ed Lukins, supported by an array of legal professionals.
Sectors
- News Publishing
- Media and Advertising
- Legal Services
Geography
- United Kingdom – Both National World and Media Concierge operate in the UK, making it a key geographical focus for the acquisition.
- Ireland – Media Concierge also has operations in Ireland, extending the geographical relevance of the deal.
Industry
- News Publishing – National World is known for providing news and information services across the UK through various media channels, making it part of the news publishing sector.
- Media and Advertising – Media Concierge operates within the UK and Ireland in print and digital publications, advertising, and logistics industries, classifying it under the media and advertising sector.
- Legal Services – Orrick is a law firm providing legal advice on the acquisition, demonstrating involvement in the legal services sector.
Financials
- 65.1 million – The acquisition deal values National World's entire issued and to be issued share capital on a fully diluted basis.
- 52.1 million – The enterprise value of National World as implied by the acquisition deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| National World plc | Target | Company | A UK-based company offering multimedia publications and news services. |
| Media Concierge (Holdings) Limited | Bidding Company | Company | A company involved in print and digital media, advertising, and logistics, owning Neo Media Publishing Limited. |
| Neo Media Publishing Limited | Bidding Company | Company | A newly incorporated company that is making the acquisition offer for National World. |
| Orrick | Legal Advisor | Company | Legal advisor for National World in the acquisition transaction. |