Press releases | 13 Jul 2015

Kester Capital sells Briefing Media

Overview

A Travers Smith team led by head of Private Equity, Paul Dolman has advised long standing client Kester Capital LLP ("Kester") and management on the sale of Briefing Media to a Newco backed by Lyceum Capital.

The Travers Smith team also included tax partner Kathleen Russ, finance partner Donald Lowe and corporate associates Alex DixonGenevieve MartenKatie McGarry and Lauren Causon.

Briefing Media was established to acquire business-to-business media assets with strong market positions. To date, it has made four acquisitions across three sectors: agriculture, healthcare and media strategy. Briefing Media's agricultural assets form the UK's leading agriculture information and events group.

The exit is the third from Kester's first fund and generated a 3.4x money multiple and a 56% IRR.