Fox Williams advised the shareholders of Illuminate Publishing (“Illuminate”) on the sale of the entire issued share capital to Hodder Education Group (“Hodder Education”). Fox Williams advised Illuminate, an educational publisher with a focus on exam courses, student books and revision guides, on all aspects of the transaction and tax provisions of the share purchase agreement.
The Fox Williams team comprised corporate partner Mary Elliott, corporate associate Chien-Wei Lui, legal director Joanne Varia (tax) and legal director Daisy Jones (employment).
Mary Elliott said: “We were delighted to work with the shareholders of Illuminate on the sale of the business to Hodder Education. We have considerable experience in the publishing sector and this was a great opportunity to showcase our expertise, grow our portfolio and deliver on our client’s expectations whilst providing excellent client service.”
Rick Jackman, former shareholder at Illuminate, said: “Fox Williams made the process feel seamless and we appreciated their pragmatic and commercial approach, whilst ensuring our needs and expectations were more than met at each stage of the transaction. It was a pleasure to work with Mary and her team, the service we received really was first class and was greatly informed by their deep knowledge and understanding of how publishing companies function.”
The transaction completed on 30 June 2021.