London —Dentons has advised the shareholders of Gravity Media Group ("Gravity Media"), the owner of worldwide broadcast services specialist Gearhouse Broadcast, on a substantial investment in the group by TowerBrook Capital Partners ("TowerBrook"), the investment management firm. The funds invested by TowerBrook will be used for future acquisitions by Gravity Media and to provide a cash return to the existing shareholders.

Commenting on the deal, Nicholas Plant, private equity partner at Dentons, said, "With this investment into the business by TowerBrook, Gravity Media will be in a strong position to fulfil its strategy of bringing additional skills, expertise and services into the Group through acquisitions, as well as ensuring value is delivered to shareholders. We are delighted to have been involved in the deal."

Nicholas Plant led on the Gravity Media deal with support from senior associate Christopher Quinn and associate Farrah Kiyani. Banking and Finance partner Lee Federman advised on the debt financing of the acquisition with support from associate Robert McClean.

The Gravity Media deal follows a very successful few months for the private equity team at Dentons, which has advised numerous clients, including Barclays Ventures and the management team on the secondary buyout of Texon International Group by the leading Asian private equity house Navis Capital Partners, and Blackstone on its US$1 billion acquisition of Armacell from Charterhouse Capital Partners.  The team also advised KSL Capital Partners on its sale of the Malmaison and Hotel du Vin hotel group to Frasers Hospitality UK Holdings Limited.

Dentons' UK private equity team has been working with buyout funds, venture capitalists, secondary funds, entrepreneurs and institutional investors for many years, helping them to raise capital and source, finance and complete transactions around the world. Dentons has over 200 specialist lawyers globally working on private equity transactions and advising on fund formation, leveraged and acquisition finance, competition, tax, litigation and providing regulatory expertise to clients.