Cripps Pemberton Greenish advises on the sale of Broden Media
Cripps Pemberton Greenish has advised the sellers of Broden Media Limited on its sale to private equity backed Nineteen Group.
Based in Surrey, Broden Media is a publisher and event organiser primarily focusing on the emergency services sector. The company publishes the Emergency Services Times and hosts the annual Emergency Services Show, the UK’s leading annual showcase of the blue light sector.
Backed by Phoenix Equity Partners, Nineteen Group is a fast-growing trade exhibitions business focusing the security industry, so there are obvious synergies between the two businesses.
Broden Media’s Joint Managing Director David Holden commented, “From the moment my business partner, David Brown, and I met Salim and Helen to discuss the sale of Broden we were confident they would do their utmost to ensure we got a fair deal. Their enthusiasm, passion and warmth of approach shone through from day one. Add to that their vast experience of private equity deals and we knew they were the right team to represent us. Throughout the sale process the team at Cripps Pemberton Greenish, with their numerous specialisms, have been made available to us at any time and we cannot praise their professionalism highly enough.”
Partner Salim Somjee and Managing Associate Helen Garner, both M&A and private equity specialists, assisted by Frederick Pawlik, advised sellers David Holden and David Brown in relation to the sale of their shares and their rollover investments. Partner, Elizabeth Middleton provided tax advice alongside Crowe, who also provided corporate finance advice, and Elliot Fry and Emma Saunders advised on commercial and employment matters respectively.