Panmure Liberum acted as Joint Financial Adviser and Sole Debt Adviser to Media Concierge on its recommended all-cash offer for National World plc for £65.1 million
We are pleased to announce that Panmure Liberum has acted as Joint Financial Adviser and Sole Debt Adviser to Media Concierge on its recommended all-cash acquisition of National World plc for £65.1 million, announced on 18 December and to be implemented by a Court-sanctioned Scheme of Arrangement.
The Offer is subject to a number of conditions, including the passing of resolutions by National World Shareholders at a Court Meeting and a General Meeting, and will require at least 75% of qualifying shareholders to vote in favour. The transaction is expected to complete in late Q1 2025. At the time of launch Media Concierge has received irrevocable undertakings from the National World Directors and a number of large shareholders which account for approximately 65.9% of the qualifying issued share capital of National World. Panmure Liberum’s Debt Advisory Team advised, structured and arranged the financing for the offer through an acquisition-specific loan facility provided by Barclays and HSBC.
National World's principal activity is to operate in the news publishing sector. National World provides news and information services in the United Kingdom through a portfolio of multimedia publications and websites. National World operates a portfolio of print and digital publications providing advertisers with a range of market access points and readers with local content.
Media Concierge has operations across the UK and Ireland in print and digital publications, advertising and logistics. Established as Mediaforce in 1985, Media Concierge has played an active role in the progression of local media companies in the UK.
Panmure Liberum Team
Investment Banking – Stephen Jones, Amrit Mahbubani, Josh Moss
Debt Advisory – Dan Howlett, Ben Handler
M&A – Mark Harrison, Tim Medak
Corporate Broking – Rupert Dearden
Legal – Rebecca Gordon, Emily Troubridge
