Nexxus Iberia acquires a majority stake in Lee Films: advisors
Nexxus Iberia, one of the private equity fund managers in Spain, has acquired through its subsidiary Twentyfour Seven Group a majority stake in Lee Films, a Spanish advertising campaign production company.
Image: Roberto Benito, Grant Thornton partner and Francisco Vázquez KPMG Abogados partner.
For Álvaro Weber, partner of Twentyfour Seven, “Lee Films is 100% what we were looking for: they are established in the local market and have something to which we could add a service production layer”.
This strategic operation is born with the intention of making a stronger group, creating a global production ecosystem that will bear the quality stamp of Lee Films and Twentyfour Seven Group, and demonstrates Twentyfour Seven’s ability to integrate talent. The alliance aims to address the production of other audiovisual formats beyond advertising projects, where Twentyfour Seven has unique global capabilities.
Legal advisors
Twentyfour Seven was advised on the transaction by Grant Thornton, while KPMG acted as corporate finance and legal advisor to Lee Films.
Grant Thornton team consisted of Roberto Benito, legal partner, and Ana Patricia Varela, legal associate.
KPMG Abogados team was formed by Francisco Vázquez (partner), Iveta Mostynova (senior manager) and Fernando Gallego Aranda (lawyer), all from the M&A Legal area.
