Travers Smith LLP has advised Ascential plc on the $17.5 million sale of MEED to GlobalData.

Established in 1957, MEED, has been integral to delivering business information and news, intelligence and analysis on the Middle East economies and activities ever since. Attracting a key senior management audience through its content and activities, MEED is a media brand and publication that covers a spectrum of services that inform. MEED serves the needs of a discerning international business audience in over 70 countries worldwide.

The Travers Smith team that advised on the transaction included Corporate Partner Edmund Reed and Associates Jessica Kolhorn and James Thomson, Tax Partner Kathleen Russ and Associate Tom Margesson and Commercial Senior Associate Sonny Mallet.