LOS ANGELES – Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce its representation of Penske Media Corporation (PMC) in the formation of a joint venture partnership with Rockbridge Growth Equity with respect to the Robb Report.
“Over the past four decades Robb Report has cemented its position as the world’s leading brand for luxury lifestyle,” said PMC Chairman and CEO Jay Penske in a news release. “To bring the Robb Report onto the PMC digital platform is a remarkable opportunity to further propel this pioneering media brand.”
Financial terms and details of the Penske Media and Rockbridge Growth Equity joint venture were not disclosed.
“It’s always exciting to work with a visionary, growth-oriented company like PMC,” said JMBM partner Michael Steuch, who collaborated with PMC general counsel Todd Greene to close the transaction. “The Robb Report joint venture is another example of PMC’s commitment to growth in the digital media, publishing and information space.”
Among others, JMBM tax lawyer Scott Loresch also worked on the transaction.
Penske Media Corporation (PMC) is a leading digital media and information services company. PMC’s owned and operated brands reach more than 179 million visitors monthly (comScore, 2016) and Penske Media was recently named one of the Top 100 Private Companies in the United States and North America. With the preeminence of its brands, PMC is one of the largest digital media companies in the world, publishing more than 20 digital media brands, including its India.com joint venture with ZEE TV in India. PMC additionally owns and produces more than 80 annual events, summits, award shows and conferences while housing a dynamic research and emerging data business. For more information about Penske Media, visit www.PMC.com.
About JMBM’s Mergers & Acquisitions Group
JMBM’s Mergers & Acquisitions Group represents buyers, sellers and capital providers in a wide variety of mergers, acquisitions, divestitures and financings. The Group’s lawyers provide start-to-finish assistance with the structuring, negotiation, documentation and closing of the deal, using the firm’s full resources for everything from intellectual property issues to tax-efficient deal structures. For more information, visit JMBM.com.
Contact: Michael Steuch, 310.712.6817, MSteuch@jmbm.com