FFW advises Digital Classics plc on a £1.9 million placing and £1.42 million acquisition of RM Associates Distribution L
11 March 2004
FFW acted for Digital Classics plc on a £1.9 million placing and
acquisition of RM Associates Distribution Limited. The
consideration for the acquisition is £1.42 million to be satisfied
by the issue of new ordinary shares.
The RM Associates Group is an international distribution group
specialising in high quality music and arts documentary and
performance programming.
The Directors of Digital Classics believe that the combined
catalogues of the Enlarged Group should be a formidable force in
the market, leading to opportunities to improve margins and open
new avenues of activities.
The FFW team was led by corporate finance partner Anthony
Brockbank.
Grant Thornton Corporate Finance acted as Nominated Adviser and
Christows Limited as the broker for the placing.
For further press information please contact:
Ben Girdlestone, Communications Manager on 020 7861 4968
Louise Eckersley, PR Executive on 020 7861 4120