Macfarlanes has advised Hyve on the deal.
Hyve, the next-generation global events business, on its acquisition of 121 Group, a market leading omnichannel meetings programme organiser focused on the mining sector across EMEA, North America and APAC.
The estimated total consideration after earn-out is expected to be between approximately £42m and £50m. Macfarlanes worked alongside Hong Kong firm Howse Williams on the transaction.
Macfarlanes has also advised Hyve on an equity placing and subscription to fund the acquisition.
The transaction was led by corporate and M&A partner Harry Coghill (Picture), with assistance from senior counsel Mark Slade, senior solicitor Mark Stephens, solicitor Katya Lambert and South African qualified lawyer Ian Davis. Finance partner Kirstie Hutchinson provided debt finance support, assisted by senior solicitor Lizzie Chamberlain and solicitor Yagmur Yarar. Financial services partner Andrew Henderson and solicitor Mark Lawrence provided regulatory input. Tax advice was provided by tax and reward partner Ceinwen Rees and senior counsel Sarah Shucksmith.
Involved fees earner: Lizzie Chamberlain – Macfarlanes LLP; Harry Coghill – Macfarlanes LLP; Andrew Henderson – Macfarlanes LLP; Kirstie Hutchinson – Macfarlanes LLP; Katya Lambert – Macfarlanes LLP; Mark Lawrence – Macfarlanes LLP; Ceinwen Rees – Macfarlanes LLP; Sarah Shucksmith – Macfarlanes LLP; Mark Slade – Macfarlanes LLP; Mark Stephens – Macfarlanes LLP; Yagmur Yarar – Macfarlanes LLP;
Law Firms: Macfarlanes LLP;
Clients: Hyve Group ;