O'Melveny Advises Shine Group on Sale to News Corporation

April 05, 2011



Sonja Steptoe
O'Melveny & Myers LLP
323.578.1586  (cell)                                      

Julie Fei
O'Melveny & Myers LLP
213.440.7792 (cell)

CENTURY CITY, CA ─ APRIL 5, 2011 ─ O'Melveny & Myers LLP advised Shine Group, the international television production company, on certain aspects of the recently completed sale of Shine to News Corporation.


News Corp. announced on April 5, 2011 that it had completed the acquisition of 100% of Shine, for which the Shine Group shareholders received approximately £290 million in aggregate proceeds.


An O’Melveny team led by Century City-based partner Sean Monroe represented Shine Group in US-law aspects of the transaction.  O’Melveny first represented Shine in 2007 in connection with Shine’s acquisition of Reveille, the preeminent US television production and distribution company. The Firm also advised Shine in connection with its 2009 acquisition of Metronome Film & Television, the Nordic region’s largest television production group.


“The conclusion of this transaction is a testament to the hard work and vision of the Shine team in building the Shine Group into one of the world's leading independent television production enterprises,” said Monroe, a member of the Firm's Mergers & Acquisitions Practice Group. “We are thrilled to have been able to help guide Shine Group through its tremendous growth at crucial stages in its life cycle, and it is gratifying to have been able to assist Shine in this transformative transaction with News Corporation.”


Monroe has advised clients in entertainment and other industries on a range of complex mergers and acquisitions, private equity, and financial transactions. He is available to share his insights on cross-border M&A and finance transactions in the entertainment sector, as well as the growth and outlook for independent television producers.


Please contact Sonja Steptoe or Julie Fei at the phone numbers or email addresses listed above to arrange an interview.


About the Mergers and Acquisitions Practice Group at O'Melveny & Myers LLP

O’Melveny & Myers LLP counsels buyers and sellers in a wide variety of M&A, finance and private equity transactions, with particular expertise advising clients engaged in the entertainment, sports and media industries.  We have broad-based experience in acquisitions and dispositions of both established and emerging businesses, whether public or private, US, or international.  In addition to conventional engagements for buyers and sellers, the Firm’s diverse knowledge and experience in M&A transactions includes advising special committees of boards of directors, investment banks, and other principals and financial advisors in connection with M&A transactions.  We regularly represent buyout funds, mezzanine debt funds, and other acquisition vehicles, both with respect to their structuring and formation and in connection with subsequent investments.  We are also experienced in restructurings, reorganizations, divestitures, and spin-off transactions.


About O’Melveny & Myers LLP

With approximately 900 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com