Bloomsbury Publishing - acquisition of Hart Publishing
Slaughter and May advised Bloomsbury Publishing Plc ('Bloomsbury') on the acquisition of Hart Publishing Ltd ('Hart'), the Oxford-based legal publisher, from the management shareholders. The initial consideration of £6.5 million (which is subject to working capital adjustments) was paid in cash on completion. A further cash consideration of up to a maximum of £0.5 million will be payable on the achievement of certain revenue and title number targets for the period ending 31 March 2014.
Completion of the acquisition was announced on 2 September 2013.