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27/07/2010
Teacher Stern is pleased to announce that it has recently acted for the owner of media firm Round 2 International in its acquisition of three UK based media and advertising companies with an aggregate annual turnover of over £65 million. Teacher Stern acted for Garfield Ricketts, Chairman of Round 2 International - UK Ltd, in these acquisitions.
The first of these acquisitions was of Newcastle marketing agency, Robson Brown, the largest independent agency outside of London with clients such as Dreams, Flymo and the National Trust, the second was of London based Austin West Media, whose clients include Zantec and Standard Life and the third, was of a direct marketing agency, Attinger Jack Advertising, based in Bath.
Formed in 1993, the mission of Round 2 in the US has been to accelerate their clients' success by delivering customised advertising media solutions through a dedicated team of experienced specialists and skilled negotiations and to outsmart the competition of their clients by making sure every dollar they spend is working as hard as they are. The three recent acquisitions are part of the acquisition strategy of Round 2 in the UK and further acquisitions are likely to follow which will significantly enhance the current marketing communications offering of Round 2 in the UK.
Round 2 believes that the synergies of the recently acquired companies with Round 2, together with the major strengths of the acquired companies in terms of qualities, capabilities and strength of management will support Round 2's European expansion plans. These initial acquisitions give Round 2 a substantial media, PR and digital presence on which to build and add to.
The team at Teacher Stern were led by David Salisbury and Kelly Whitfield who worked closely with John Foundling at Menzies Corporate Finance to advise on the three transactions from inception to completion.
Kelly Whitfield said "It is an exciting time for this client, building up a new capability within the UK. Each transaction presented its own unique challenges but we were able to complete all three acquisitions on behalf of the client in very short timescales to achieve the deadlines that all parties were seeking. We very much look forward to working with this interesting and exciting client again in the very near future as it continues its expansion within the UK."
Garfield Ricketts commented "These three acquisitions were our first foray into the UK market and we needed to understand the way the local market operated at a legal level, having had no direct prior experience. David and Kelly were superb at guiding us through the obstacles and ensuring we achieved our objectives with direct and robust commercial advice - they were simply great at getting to the point and negotiating the legal issues quickly and concisely. I would not hesitate to recommend Teacher Stern to any new entrant into the UK market looking for acquisitions."
Download: Round 2 acquisitions
21/07/2010
The OFT has issued revised guidance to the prohibiitons of competition law. Stephen Crtichley summarises the position
Download: Directors in the Firing Line....Again
20/07/2010
Teacher Stern`s Sports Group hosted a seminar on 20 July in conjunction with Coaching for Hope, the Football Association`s registered charity.
The seminar was aimed at highlighting the progress of England`s 2018 Worlld Cup bid and raising awareness of the fanatstic work that Coaching for Hope achieves in Western and Southern Africa by using football to improve the lives of children and young people.
Speakers: George Castro (Head of Sports Group, Teacher Stern), Andy Anson (CEO Englands 2018 World Cup Bid), Paul Elliott (Member of Englands 2018 World Cup Bid), Fiona McLachlan (Head of Sports & Media, Weber Shandwick) and Jane Carter (Director, Coaching for Hope).
23/06/2010
On 23rd June, Teacher Stern`s Sports Group, in conjunction with Vantis PLC, held a seminar titled "Image Rights: What the Future Holds".
The seminar was attended by numerous leaders in the football and rugby union sectors including representatives from Premier League football clubs (including Chelsea, Manchester United and West Ham United) and the Rugby Players Association to players agents and marketing and sponsorship agencies.
Following the presentation, the attendees enjoyed a buffet lunch before being entertained by the England v Slovenia World Cup match.
Speakers: David Salisbury (Managing Partner, Teacher Stern) and Freddie Huxtable (Head of International Tax and Sport Group, Vantis PLC)
Download: Image Rights seminar
08/06/2010
Stephen Critchley comments on how Competiton Law can affect many entities other than just large multi national companies.
Download: Competition Law
18/05/2010
On 17 May 2010 eleven members of Teacher Stern joined over 4,500 judges, lawyers and non-lawyers to walk in aid of The London Legal Support Trust. The Walk was led by the Lord Chief Justice and the Master of the Rolls.
The funds from the Walk support law centres and legal advice agencies in London and the South East specialising in social welfare law, preventing homelessness, reducing debt and challenging discrimination.
Teacher Stern has raised over £1650 for the Trust to date.
Teacher Stern's corporate partner, Marc Sosnow , is a Director and Trustee of the Trust.
14/05/2010
TUPE or not TUPE? That is the question. Martine Nathan provides the answer in the regular Legal Matters column in the May edition of Comms Dealer.
Download: May Comms Dealer
11/05/2010
The next Employment Law Q and A session takes place at the Teacher Stern offices on Tuesday 11th May at 8.30am till 9.30am.
To attend this seminar in person or by telephone or join the e-mailing list for future events, please contact David Fenton or James Baker
07/05/2010
During April 2010, SPB acquired Citymain with Teacher Stern LLP, led by Martine Nathan, acting for the purchaser, SPB. SPB has been creating white-label insurance and assistance solutions for corporate accounts since 1965. Historically focused on the banking sector, SPB has gradually diversified its offering, which now covers not just banking products (payment instrument insurance, savings insurance etc) but also consumer goods insurance (mobile telephones and handhelds, travel, sports equipment etc), home insurance (boilers, electrical installations etc) and life events (marriage, retirement, borrower insurance, death etc).
Formed in 1986, Citymain has earned a solid reputation in the British insurance services market and enjoys an excellent image. With a 40-strong workforce, it was the first company to offer mobile phone insurance in the UK market and has acquired significant expertise in using other mobile products such as laptop computers and gadgets. It also designs products for the banking industry, missed-event covers and other solutions primarily throughout the UK on behalf of underwriters, brokers and customer-facing clients.
This tri-stage acquisition-led expansion has enabled SPB to establish itself in the United Kingdom's insurance market and consolidate its presence in Europe's largest insurance market, whilst tapping into new sources of growth so as to expand their product ranges. Leveraging its market leadership in mobile phone insurance, breakage and theft insurance for technology products and its highly successful breakdown cover offering new-for-old replacement, SPB intends to forge ahead with its innovation policy in this constantly changing sector.
04/05/2010
Within the telecoms reseller market, the ability to transfer customer contract revenues is an important avenue for realising value. Martine Nathan discusses this topic in the April edition of Comms Dealer
Download: Comms Dealer April edition
21/04/2010
21 April 2010, Teacher Stern LLP, registration from 6.00pm followed by networking drinks and canapés
BSkyB v EDS - “sales talk”, tenders and actionable misrepresentations – Practical steps to avoid future unlimited claims
In association with Intellect.
Speakers:- Jeremy Storey QC, Deputy High Court Judge and Joint Head of 4 Pump Court and Bill Molloy, Partner and Co-head Technology and Communications Group - Teacher Stern LLP
Click here for an invitation and full details of the event.
Register your interest for this and other events: events@teacherstern.com
24/03/2010
In the March issue of Comms Dealer magazine, Martine Nathan a Partner in the Technology and Communications Group, comments on the attraction and retention of top talent.
Download: Comms Dealer
18/02/2010
Martine Nathan, Partner in the Technology and Communications Group, provides comments to the February issue of Comms Dealer magazine.
Download: Customer Lockdown
15/01/2010
Teacher Stern`s Technology and Communications Group feature in the January edition of Comms Dealer.
Download: Comms Dealer
15/01/2010
Bill Molloy, a partner in the Technology and Communications Group, provides comments to the magazine Comms Dealer.
Download: Comms Dealer
06/01/2010
Teacher Stern advised Abokado.....
Download: Press Release
11/12/2009
This Bulletin contains timely advice on what to do now about the existing default retirement age before it is increased (probably in Spring 2010), covers the redundancy payments increase and gives perspective on a recent case when an employee converted booked holiday into sickness absence (the effects of which European case were "greatly exaggerated by the tabloids").
Download: Employment Update
19/11/2009
With the number of corporate and personal insolvencies continuing to grow, how does the purchase of a failing business affect its employees? In this article, we summarise the Court of Appeal's most recent decision in relation to employees whose employment transfers from a distressed business to a new owner.
Download: Insolvency and Restructuring
16/11/2009
Certainty? In this world nothing is certain but death and taxes wrote Benjamin Franklin in the 18th Century.
The attached article outlines some practical steps to protect the wealth accumulated over a lifetime.
Download: Willing it Away
02/09/2009
There has never been a more daunting time to be a director. When the economy flattens and there is less scope for moneymaking, parties turn their attention to seeking redress.
For some months now in the US, the economic crisis has given rise to a number of claims by companies against directors due to their management decisions. Can we expect to see similar claims against directors in the English courts?
The attached article recommends some practical steps that directors, and those guiding them, can take to ensure they fulfill their duties and protect themselves.
Download: 'In the line of fire' - Directors' liabilities in an economic downturn
27/08/2009
Teacher Stern is proud to be co-sponsoring an 'invitation only' retail conference on 10 September 2009 at the Soho Hotel, London.
The focus of the conference is "Preparing for the Upturn - Strategies for achieving and financing retail growth in 2010 and beyond" with an emphasis on finding additional revenue streams through muti-channel retailing.
A number of high-profile leaders in the retail industry will be presenting at the event (including the founder of Moonpig.com, the chairman of Kurt Geiger and the Head of Retail at RBS) which is designed for partners, managing directors and financial directors within the sector.
The conference is being organised and run by Livingstone Partners LLP.
Download: Retail Conference - Preparing for the Upturn
09/06/2009
In the latest edition of Who Shares Wins, our employee benefits e-zine, James McVeigh considers the advantages of salary sacrifice both to employers and employees, and also takes a look at the changes to HMRC's approved Save as You Earn Scheme implemented in the last Budget.
Download: Who Shares Wins
27/05/2009
For individuals looking to develop UK land, our one off tax circular gives guidance on how, by using an offshore company, you may be able to minimise your tax liability on any subsequent sales gains.
Download: Planning gain uplift - time to move offshore?
18/05/2009
Thirteen members of Teacher Stern LLP recently took
part in the annual London Legal Support Trust Walk,
a 10k jaunt around central London. The team raised
over £1,000 for legal advice charities in London and
the Home Counties.
The Walk was led by the Lord Chief Justice, the
Master of the Rolls, the Attorney General, the
President of the Law Society and the Chair of the Bar.
In total, over 4,000 members of the legal profession
took part in the Walk and raised over £380,000.
07/04/2009
Allan Dunlavy, a member of Teacher Stern's Sports Law group, did not win the National Lottery jackpot; nor did he win a new car. What he did win, which is nearly as close to his heart, is the right to host the
FA Cup Trophy at Teacher Stern's offices, thanks to
a "London Lite" competition.
The opportunity to have a photograph taken with the much revered trophy cup was enjoyed by many of
the football fans at Teacher Stern!
06/04/2009
On 6th April 2009, the legal requirement for employers to follow specified procedures in relation to disciplinary matters and grievances raised by employees was abolished. Whether or not this is the long awaited death knell of an unpopular procedure remains to be seen but here we look at the practicalities of this change and other recent changes in employment law.
Download: Employment Law Changes
24/03/2009
The Premier League has recently voiced concern surrounding third party ownership of the registration of football players. George Castro analyses whether the football authorities should allow such practices.
Download: Sport and the Law Journal, Vol. 16, Issue 2
02/12/2008
This, the second edition of our employee benefits ezine, Who Shares Wins, considers the attractions of share schemes for employers and focuses on the government-backed all-employee Share Incentive Plan.
Download: Who Shares Wins
21/10/2008
A key change introduced by the Companies Act 2006 was the codification of the duties of company directors. Part of this codification was introduced over a year ago and further implementation has just taken place - directors must be up to date with these new requirements.
For the most up to date information on the new requirements on directors and other recent implementations under the Companies Act 2006 please click on the link below.
Download: Companies Act 2006
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