Shoosmiths advises European PE house on portfolio company acquisition

Shoosmiths advises European PE house on portfolio company acquisition


Author: Kara Shadbolt

National law firm Shoosmiths has advised DPE Deutsche Private Equity GmbH and its portfolio company, OmniaMed on their multi-million pound acquisition of Schofield Healthcare Media Ltd and the related equity investment into OmniaMed by one of the sellers.

Ben Turner

Schofield Healthcare Media Ltd is a leading UK provider of medical education and conference services to healthcare professionals.

The Shoosmiths cross-office team advised on all aspects of the acquisition, debt and equity arrangements.

Shoosmiths' team was led by corporate partners, Ben Turner and Crispin Bridges Webb and associate Gareth Davies, with assistance from banking partner, David Adams, tax partner Kate Featherstone, and employment associate Michael Hardiman.

Guido Prehn, Partner at DPE said: 'Ben and his team at Shoosmiths have provided us with exceptional legal and commercial advice, making this transaction a smooth one for us. This was our first deal with Shoosmiths and we were impressed with their ability to combine practical solutions with expert market and sector knowledge - we would certainly recommend Ben and his team for future UK acquisitions. The acquisition of Schofield Healthcare Media opens up new markets and growth opportunities for the combined OmniaMed business, which it is well-positioned to exploit.'

Shoosmiths' Ben Turner, said: 'This was a complex cross-border transaction for a dynamic pan-European PE house and underlines our growing credentials in both private equity and multi-jurisdictional work. We have seen an increasing trend in the past 12 months of international buyers looking to acquire mid-market companies such as Schofield Healthcare Media Limited which reflects positively on the health of the UK market. We are very pleased to have advised DPE and OmniaMed on this acquisition and wish them every success in the future.'

DPE Deutsche Private Equity GmbH provides expansion capital to companies in sectors with long-term fundamental growth prospects. Deutsche Private Equity is an independent German private equity firm, launched in December 2007. Across its two funds, DPE manages (EUR) 600 million in commitments.

OmniaMed, headquartered in Munich and Sutton (UK), respectively, is a market leader in Germany and the UK for CME services. OmniaMed runs live medical educational conferences for primary and secondary physicians, nurses and allied healthcare practitioners.

Shoosmiths' corporate team has advised public and private companies, management teams, investors and debt providers right through the business life cycle. Shoosmiths works with businesses from start up and first round finance through to mergers and acquisitions, MBO and MBI transactions, development funding and on exits, by way of sale, listing or private equity investment.