July 20th, 2020 / Insight posted in Articles

Moore Kingston Smith advises Simon Cowell in Sony deal

Marc Fecher, Managing Director of Moore Kingston Smith Corporate Finance, led the team that advised Simon Cowell in buying out Sony Music Entertainment’s 75% stake in Syco Holdings Ltd. The transaction brought an end to their longstanding joint venture.

Our team, supported by Kat Stone, Corporate Finance Manager, worked alongside advisers from Rosenblatt Law to provide corporate finance advice on the acquisition. Moore Kingston Smith’s M&A tax team led by Mike Hayes and supported by Claire Robinson and David Coates also provided tax advice on the transaction.

Syco Holdings, to be renamed Syco Entertainment, is an independent entertainment company, which owns TV super-formats Got Talent and The X Factor. Got Talent is officially the world’s most successful reality TV format; America’s Got Talent remains the number one summer series in the US for the past 15 years; and X Factor is the most successful music TV format in history delivering more global chart stars than any other show.

Marc Fecher says: “We were pleased to be able to assist Simon Cowell and the Syco team in the acquisition of the TV business. This was a complex and unusual transaction which we were delighted to bring to a successful conclusion. The current Coronavirus pandemic added another challenging dimension to the transaction which makes the outcome even more satisfying. Thanks to all of the team.”

More information about the transaction can be found here.

If your company is considering a sale or acquisition, please contact us for further information.