SM&B advise television production company Reef Television Ltd on its acquisition by Ten Alps PLC

A team from SM&B’s Corporate & Commercial and Media departments have advised television production company Reef Television Limited on its acquisition by Ten Alps PLC, the UK media company founded by Bob Geldof.

Reef Television is one of the UK’s leading producers of factual television, including long-running series such as “Put Your Money Where Your Mouth Is” (BBC One) and “Selling Houses with Amanda Lamb”. The acquisition is part of a major recapitalisation of Ten Alps which sees Luke Johnson (former Chairman of Channel 4, Chairman of Patisserie Valerie) join its board of directors.

The SM&B team was led by Simon Goldberg and Peter Weiss and included partners Neal Hodges and Tamara Ludlow and solicitor Blaise Gaymer.  Nabarro LLP acted for Ten Alps PLC. The transaction involved detailed consideration of financing and tax issues, as well as the complications caused by the acquirer being an AIM listed company.