Ashurst, Freshfields lead Emap's £1bn B2B sell-off

January 3, 2008 Ashurst and Freshfields Bruckhaus Deringer are advising Guardian Media Group and private equity house Apax on their £1bn takeover of the business-to business arm of publishing giant Emap. The terms of the recommended cash offer, announced on 21 December, together with a £1bn special dividend payable to shareholders following the sale of Emap’s consumer and radio divisions, effectively value the company at £2bn. The deal sees Ashurst advising Apax and Freshfields acting on behalf of Guardian Media.

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