Rosenblatt Solicitors, a leading full service City law firm, today announces that the Firm acted for Channel 5 and its owners, Northern & Shell, on the sale of the business for £450 million to Viacom. Rosenblatts had also acted on the original purchase of Channel 5 from the German broadcaster, RTL, in 2010.
The Rosenblatt team was led by Jon Lovitt, Corporate Partner and Chris Pulham, Media Partner. They were supported by Peter Price, Regulatory Partner, Rima Mehay, Employment Solicitor and Martin Buckeldee, Real Estate Solicitor. The Rosenblatt team worked with Channel 5’s investment banking adviser, BarCap. Viacom was advised by Shearman & Sterling, Olswang and Lewis Silkin and its investment banking adviser was Goldman Sachs.
Commenting on the transaction, Ian Rosenblatt, Founder and Senior Partner of Rosenblatt Solicitors, said:
“My Firm’s relationship with Northern & Shell, former owners of Channel 5, goes back over 30 years. This transaction is typical of our approach to complex transactions that need to be completed within tight time constraints and is a testament to my team’s skills and tenacity. The transaction came out of an auction process started in January 2014; work started on Sunday 27th April and went on around the clock in order for signing to take place last night.”