The £10.2m sale included all the brand extensions of the magazines alongside internationally famous branded events, The Golden Gods and The Classic Rock Roll of Honour.

TeamRock is a new company formed to provide and create premium content to rock music fans across the world via digital platforms and through the Classic Rock and Metal Hammer titles. It brings together a team of leading executives (including Billy Anderson and John Myers) to create a worldwide platform for this large but under-served community.

Billy Anderson, TeamRock Chief Executive, said in relation to the original acquisition: “We are delighted to acquire these wonderful brands that will play a significant part in the development of our larger business. They come with a great team led by Chris Ingham and we look forward to investing further in their development. The Dundas & Wilson team moved heaven and earth to get this deal through for us against a near impossible timetable. I cannot praise their dedication and simple ability to get the deal done highly enough.”

Graeme Bruce, Corporate Partner of Dundas & Wilson who led the deal, said: “This was a truly exciting deal for us and was a key foundation for TeamRock’s ambitious plans in the media sector. Our highly experienced teams in both Glasgow and London were able to do what they do best, namely to exceed client expectations through hard work and pure dedication. That, coupled with the good humour of the TeamRock team, made this a thoroughly enjoyable transaction.”

TeamRock secured financing from Harwood Private Equity for the acquisition of the brands and the on-going development of the business.