Press releases | Private Equity & Financial Sponsors, Tax | 24 May 2016

General Atlantic acquires Argus Media

Overview

Travers Smith LLP has advised Argus Media Limited (the "Company") in relation to the sale of the Company to a newco backed by General Atlantic ("GA") and its new senior management equity arrangements with GA and Argus Executive Chairman Adrian Binks. 

The Travers Smith team was led by senior partner Chris Hale working alongside private equity partner Ian Shawyer. They were supported by private equity associates Laura Pembridge and Adrian Duncan. Tax partners Jessica Kemp and Russell Warren and senior tax associate Andrew Callaghan provided tax advice to Management. 

Founded in 1970, Argus is an independent media organisation headquartered in London with offices in each of the world's principal commodity centres.  Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.  Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, LPG, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries.

Following the sale of the Company, Executive Chairman Adrian Binks and CEO Neil Bradford will continue to lead the business alongside the rest of the executive management team in their new partnership with General Atlantic.

Other legal advisers working on the transaction include Freshfields, Linklaters, Allen & Overy and Macfarlanes.  Jamieson Corporate Finance provided corporate finance advice to the senior management team.