Future plc’s £22 Million Placing

CMS is acting for Numis Securities Limited and N+1 Singer Advisory LLP as joint bookrunners and underwriters on the fully underwritten £22m vendor placing for standard listed Future plc.

Future will use part of the proceeds to fund its acquisition of the Home Interest division of CentaurMedia plc (“Home Interest”), a portfolio of market leading and differentiated brands in the home building segment (“then Acquisition”), for cash, at an enterprise value of £32.0m.

For Future, a global platform for specialist media, the acquisition of Home Interest will add multi-media specialist content activities with market leadership, in line with Future’s strategy. Home Interest consists of three key brands: Homebuilding & Renovating, Period Living and Real Homes, and comprises seven exhibitions, print and digital assets.

Future’s Media division focuses on being at the forefront of digital innovation, operating in a number of sectors including the high growth technology and games markets, and had a number of leading brands including Techradar, PC Gamer, GamesRadar+, The Photography Show, Generate and Golden Joysticks. Future’s Magazine division is specialist and brand-led, and includes market-leading titles such as T3, Total Film, How It Works, Edge and All About History.

The CMS team is being led by corporate partner Alasdair Steele (Picture), assisted by corporate senior associate Nicole Gyring-Nielsen. Future is advised by Simmons & Simmons and Centaur by Dechert.


Involved fees earner: Alasdair Steele – CMS Cameron McKenna; Nicole Gyring-Nielsen – CMS Cameron McKenna;

Law Firms: CMS Cameron McKenna;

Clients: Numis Securities; N+1 Singer Capital Markets Limited;