Travers Smith LLP has advised the management team of Time Inc UK on the acquisition by Epiris of the UK arm of Time Inc from Meredith Corporation.
The Travers Smith team was led by Private Equity Senior Counsel Alex Dixon, who was supported by Tax Partner Hannah Manning, Tax Senior Associate Silvana Van der Velde and Employment Associate Will Dixon.
The deal value is confidential.
Time Inc UK is led by CEO and PPA Chairman Marcus Rich, who joined in 2014 from DMG Media. Sir Bernard Gray, who is Chairman of New Scientist and formerly Non-executive Director of Immediate Media and Chief of Defence Material at the Ministry of Defence, will become Executive Chairman.