December 5th, 2017 / Insight posted in MKS News

Kingston Smith advises Parallel Media Group on reverse acquisition

Kingston Smith’s corporate finance team advised AIM-listed Parallel Media Group on its acquisition of Brick Live and Parallel Live, to create a new live entertainment events company, Live Company Group, on the AIM market.

BRICKLIVE events are a global network of partner-driven shows built for fans of LEGO®.

Kingston Smith acted as reporting accountants for the re-admission to AIM. The firm completed financial and tax due diligence on Brick Live and Parallel Live, as well as a working capital review for the enlarged group.

David Ciclitira, Chairman of Parallel Media Group said: “As Parallel Media Group’s auditors, Kingston Smith were the natural choice to advise us in this transaction.  The Kingston Smith corporate finance team brought a strong mix of technical insight and commercialism to their role as reporting accountants. We look forward to working together further in the future”.