Blake Lapthorn advises on ATG Media's partial secondary buy-out
Blake Lapthorn, now Blake Morgan following the merger with Morgan Cole on the 1st July, has advised on a sizeable partial secondary buyout for longstanding technology client, ATG Media.
The partial secondary buy-out was completed by the Corporate team in predecessor firm, Blake Lapthorn’s, London office. The team advised ATG Media, the global pioneer of webcast and timed online auction platforms and owner of antiques industry bible, Antiques Trade Gazette, on its deal with private equity firm ECI Partners (‘ECI’) to drive ongoing international expansion.
ECI will partner with ATG’s management and existing investor Mobeus Equity Partners in taking the business forward.
ATG’s platforms, which include the-saleroom.com, i-bidder.com, BidSpotter.co.uk and BidSpotter.com, allow bidders from around the world to browse fully illustrated sale catalogues and place bids over the internet in real time, with live audio and video feeds delivering the auction room atmosphere. Bidders are also able to participate in timed, online-only auctions.
Martin Kay, Partner in Blake Morgan’s Corporate and Commercial department, said: “We are delighted to be part of this deal as it facilitates the company’s transition into its next growth phase. The secondary buy-out, partial management exit and new debt facility made the deal a complex and interesting one to work on.”