Norton Rose Fulbright has advised Future plc (Future) on the sale of its Sport and Craft titles, refinancing and transfer of its listing category.

Future specialises in the publication of special interest magazine titles and websites. Future has sold its Sport and Craft titles to Immediate Media Company Bristol Limited for up to £24 million. The magazine titles and websites sold include the market leading ‘Mountain Biking UK’, ‘Cyclingnews.com’, ‘Mollie Makes’ and ‘Simply Knitting’.

The transaction constitutes a Class 1 transaction under the Listing Rules and is subject to shareholder approval. The transaction is expected to complete on 21 July 2014.

In addition, the London office of Norton Rose Fulbright is advising Future on its refinancing and transfer of its listing category from Premium to Standard.

The Norton Rose Fulbright team is led by corporate, M&A and securities partner, Ian Lopez, supported by John Rix and Daniel Jarman. The team also comprises Mike Knapper and George Cameron (intellectual property / IT), Catrina Smith and Lauren Pullen-Stanley (employment), Ed Hunnisett (pensions), Monique Fry and Louise Dent (incentives), and Dominic Stuttaford and Ed Denny (tax). Banking partner James Dunnett and Samantha Barrington Prowse are advising on the refinancing.