Sidley advised TowerBrook Structured Opportunities (Onshore), L.P. (TSO) and its affiliated funds on its investment in Gravity Media Group Limited (Gravity), a UK based provider of broadcasting equipment and solutions. This represents the first structured equity investment for TSO, which closed earlier this year and is complementary to TowerBrook’s private equity strategy.
Headquartered in Watford, UK, Gravity delivers outside broadcast, project solutions, broadcasting equipment rental, equipment sales and systems integration to broadcasters, production companies and content rights holders across the world. Gravity provides innovative broadcasting solutions for iconic sports events such as Formula One, the Tennis US Open, the ATP World Tour Masters 1000 and the soccer World Cup.
The London based Sidley Private Equity team included partners Erik Dahl, Christian Iwasko, Sava Savov, Oliver Currall and Bryan Robson and associates Michelle Tong, Adam Runcorn, Jason Pegnall, William Gwyn, Garrett Holmes, Rajal Patel, Priya Rupal and Martin Byers. The team also included partner Susan Fanning and senior associate Nicola Bartholomew (Employment), counsel Jade Williams-Adedeji (Real Estate), senior associate John Bedford (Litigation), partner William Long and associate Francesca Blythe (Data Privacy), and partner Patrick Harrison and associate Kyle Le Croy (Competition).