The Mishcon de Reya Private Equity Team has advised the management team of Sohonet on their equity arrangements on the secondary buy-out of Sohonet, led by LDC. Sohonet is a leading international provider of connectivity, collaboration software, media services and network security for the media and entertainment industry.
LDC’s investment will support the existing management team, led by CEO Chuck Parker, to further build on its international growth strategy and explore complementary acquisitions.
Founded in 1995, Sohonet provides over 500 media companies and thousands of media professionals with a wide range of technically advanced and highly secure solutions. These are designed to help media professionals collaborate on projects with their internationally distributed teams to create the magic that appears on our screens for feature films, TV shows and advertising.
The business operates in a market that is fuelled by the growth of leading on-demand platforms like Netflix, Disney+ and Amazon Prime, and the rising demand for highly secure technological solutions. LDC will support Sohonet to build out its leading products and services and explore new markets.
The Mishcon team was led by Legal Director Allison Keyse, alongside Managing Associate James Paterson and Trainee Max Nicolaides. Employment advice was provided by Managing Associate Laura Penny. Partner John Skoulding and Managing Associate Sarah Hein from the Mishcon Tax team advised on personal tax matters for the management team.
Sohonet General Counsel, Robert Spelman commented "Allison's extensive knowledge of management terms and current market trends was a real asset throughout the process and allowed the management team to focus on the points that really mattered. We are delighted to be embarking on the next stage of our journey with LDC and we want to thank Allison and James (and the wider Mishcon team who worked on the deal) for helping us get there."
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