Gateley Plc’s Leeds office advises on sale of deltatre to Bruin Sports Capital

Gateley Plc’s Leeds office has completed the sale of sports media service company deltatre to US-based private investment firm, Bruin Sports Capital.

Led by corporate partner David Armitage, the multi-disciplinary team advised LMGR s.r.l on the sale of its controlling stake in deltatre.

LMGR and its former private equity investment partner, Mediacontech, both sold their respective shareholdings in deltatre to Bruin.

Giampiero Rinaudo, deltatre’s co-founder, will remain in his position as CEO of the deltatre group.

Bruin, which focuses on international media, sports, marketing and branded lifestyle companies, acquired deltatre for an undisclosed sum and a significant minority shareholding in the purchasing vehicle.

David Armitage said: “It helped that the Gateley team on this transaction had transacted M&A deals in over 100 different jurisdictions between them, and had plenty of experience of handling transactions in Italy and in working with US buyers. The UK-Italian cooperation between professionals was seamless.”

David was assisted on this complex, cross-border deal by corporate solicitor Tamanna Keir, Birmingham-based tax partner James Gopsill and employment partner Andrew Macmillan, alongside a team from Turin-based R&P Legal.

The transaction also saw Gateley Plc advise deltatre on its acquisition of the remaining minority share of its UK arm, Deltatre Media Limited.

deltatre has offices in the UK, Italy, France, Switzerland, India, Japan, Australia, Singapore and the US.

International law firm Proskauer and BonellliErede acted for Bruin Sports Capital, while Chiomenti advised Mediacontech.

Gateley Plc, which last year became the first law firm in the UK to go public, revealed its first full-year results in July 2016. Turnover at the national law firm increased more than 10% to £67.1m.