International law firm McDermott Will & Emery has advised German media group Constantin Medien AG on the sale of 12.4 million shares in Highlight Communications AG to Highlight Event and Entertainment AG.
The transaction raised approximately €64.5 million sales proceeds.
The share sale follows a takeover bid in December 2017, in which Highlight Communications AG acquired 48.39% of Constantin Medien AG. The funds will be used to further solidify Constantin Medien AG’s finances.
The McDermott Will & Emery team was led by corporate partner Dr Philipp Grenzebach (picture), alongside capital markets counsel Simon Weiß. Antitrust partner Christian Krohs also advised.
Law Firms: McDermott Will & Emery;
Clients: Constantin Medien AG;