ROXi Secures MBO with Keystone Law's Guidance
Deal News | Jun 02, 2025 | Keystone Law
Keystone Law's Corporate partner Joseph Miller has successfully advised Begbies Traynor on the execution of a management buy-out (MBO) of ROXi, an interactive music video streaming service. The MBO led to the formation of FastStream Interactive Limited (FSI), which has plans to enter the US market with its innovative TV channels, including the first-ever interactive TV music channel in the US available free on NEXTGEN TV. BTG Advisory's Deals Advisory Partner Felix Connolly expressed gratitude to Joseph Miller for his advisory role, highlighting the complex nature of the international M&A process. This strategic move is anticipated to usher in a new era for the NEXTGEN TV industry in the United States.
Sectors
- Legal Services
- Television Broadcasting
- Music and Video Streaming
Geography
- United States – The newly formed company, FastStream Interactive Limited, aims to launch its interactive TV channels in the US.
- United Kingdom – Keystone Law and Begbies Traynor are based in the UK.
Industry
- Legal Services – Keystone Law provided legal advice on the management buy-out of ROXi.
- Television Broadcasting – FastStream Interactive Limited plans to launch interactive TV channels in the US, targeting the NEXTGEN TV platform.
- Music and Video Streaming – ROXi is an interactive music video streaming service, expanding its offerings through the MBO.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Keystone Law | Legal Advisor | Company | Provided legal advice on the management buy-out of ROXi. |
| Begbies Traynor | Selling Company | Company | Engaged in the management buy-out of ROXi. |
| ROXi | Target Company | Company | An interactive music video streaming service involved in the MBO. |
| FastStream Interactive Limited (FSI) | Bidding Company | Company | Newly formed company resulting from the MBO looking to expand into the US market. |
| Felix Connolly | Speaker | Person | Deals Advisory Partner at BTG Advisory, expressed appreciation for Keystone's advisory role. |
| Joseph Miller | Corporate Partner | Person | Corporate partner at Keystone Law who advised on the MBO. |