Dechert Advises JC Decaux on Double Acquisition
November 14, 2011
Dechert News Release
Dechert LLP advised JC Decaux, the leading global outdoor advertising firm, on the grant of an option to JC Decaux UK Limited enabling it to acquire Media Initiatives Ltd and Concourse Initiatives Ltd from the current owners. In addition to an upfront payment on grant of the option, an amount, determined by reference to the future profitability of the companies, will be payable following exercise of the option.
Founded in France in 1964, and active in the UK since 1983, JC Decaux is Europe’s largest out-of-home advertising company, and the second largest in the world.
The Dechert team advising JC Decaux was led by corporate partners Jonathan Angell and Sean Geraghty in London, assisted by corporate associate Jodie Valler-Feltham. Also in London, JC Decaux relationship partner Jason Butwick and associate Kate Anderson advised on employment matters, and partner David Gubbay on tax matters.