Shearman And Sterling

News Nov 22, 2016

Shearman & Sterling Represents DBAY Vehicle on Offer for Creston plc

Shearman & Sterling advised RedWhiteBlue Digital Marketing Services Holdings Ltd, a vehicle indirectly owned and controlled by investment funds controlled and managed by DBAY Advisors Limited, on its announced £75.8 million cash offer for Creston plc. The acquisition will be implemented by way of a scheme of arrangement.

DBAY is a regulated investment manager licensed to conduct investment business by the Isle of Man Financial Services Authority. Creston is a marketing communications group delivering a range of digital marketing solutions to blue-chip global clients.

The Shearman & Sterling team includes partners Laurence Levy (London-Mergers & Acquisitions), Anthony Ward (London-Finance) and Simon Letherman (London-Tax); counsel Nathan Tasso (Washington, DC-Tax), Sam Whitaker (London-Compensation, Governance & ERISA) and Mark Adams (London-Real Estate); and associates Nick Withers, Alex Skelton, Rosie Boyle, Cecilia Ferreira, Denise Lum (all London-Mergers & Acquisitions), Philip Stopford, Charlotte Rice, Kendra Kocovsky (all London-Finance), Savas Manoussakis (London-Antitrust), Lois Howarth, Sarah Moir-Porteous (both London-Tax) and Eric Grosshandler (New York-Tax).