With a narrow timetable and significant tax considerations in play, Dezeen required a tightly executed process to secure the right outcome for shareholders and protect the brand’s future growth potential.

Jurisdictions involved: UK and Denmark

UK

We acted as lead advisors to the digital content platform and publisher Dezeen on its sale to Danish media company JP/Politikens Hus Media Group (JPP). Dezeen has a long-established reputation as the world’s most popular and influential architecture, interiors and design magazine and digital content platform. The deal, which preserved Dezeen’s editorial independence, helped drive the brand’s ambitious growth plans whilst retaining its prestigious position in the industry.

Dezeen logo

Our Deal Advisory team advised Dezeen’s shareholders concerning its sale to JPP. With potential Capital Gains Tax implications looming this gave the parties only a matter of weeks to complete the deal.

During this time, we prepared a full business plan with a financial forecast which was presented to the JPP Board. We used this to negotiate a substantial increase in price to the benefit of our client. Within this constrained timeline, we also agreed on terms, oversaw the delivery of a revised Enterprise Management Incentive (EMI) share option scheme for key management and worked tirelessly with both legal teams to deliver the deal on time.

Adding pressure to the already compressed timeline, a last-minute request for a company audit was made within a fortnight of completion. We negotiated to reduce the required scope of this audit and found a firm able to assist, working with them to deliver on time.

The team, led by Adrian Howells, delivered the transaction within six weeks from start to finish and secured an 80% uplift on the initial offer for the Dezeen shareholders.

Tight deadlines and significant tax considerations meant the process had to be carefully managed from the outset, and we were pleased to deliver an excellent result for the shareholders within a highly compressed timetable.

Adrian Howells of K3 Deal Advisory commented