June 7, 2016
LONDON – Corporate lawyers at media, technology and IP firm Wiggin have advised multi-platform content company Barcroft Media group on its investment deal with Channel 4’s Growth Fund.
Barcroft Media was founded in 2003 by photojournalist Sam Barcroft. The group includes digital factual producer Barcroft Media, YouTube channel Barcroft TV, linear TV production arm Barcroft Productions and branded content service Barcroft Plus. The group produces, licenses and distributes news and factual content for digital and TV, including Discovery’s Bear Grylls: Man vs. Everest, TLC’s Body Bizarre, MTV’s The Outsiders and Channel 4’s Inside the KKK. Barcroft TV has over two million subscribers and is distributed on platforms such as AOL On, MSN, Vessel, China’s Youku Tudou and Japan’s GyaO!. The deal marks Channel 4 Growth Fund’s first investment in a multi-platform content company specialising in digital production and distribution.
Wiggin partner and co-head of its corporate practice, Michael Brader, led the team which advised Barcroft Media. He was assisted by corporate associate Ben Headicar. Wiggin’s corporate practice is a UK leader in the independent TV M&A and investment transactions market. Michael and his team have advised on over 60 deals in the sector, including, most recently, Neal Street on its acquisition by All3Media, Mammoth Screen on its acquisition by ITV, Blast! Films on its sale to Sky, Endemol Shine on its investment in Douglas Road, Monumental TV on its investment by ITV and Naked Entertainment and Full Fat TV on their investments by Fremantle.
Channel 4 launched its £20 million Growth Fund in 2014 to help grow small-to-medium-sized creative companies in the UK. This deal marks the tenth investment by the Growth Fund, of which Brader and Headicar have now advised on three, having previously advised Lightbox Media and Whisper Films on their respective investments.