Deal Highlight
PA MEDIA GROUP
Our transaction services team advised PA Media Group on its acquisition of Singapore based iRace Media.
The client
PA Media Group is a multimedia national news company – providing customers across the media, sport, corporate, betting, and public sectors with the broadest range of content, products, and services to inform and entertain their audiences.
They operate alongside a range of businesses whose specialisms cover training, photography, data services, broadcast technology, PR, digital content, video streaming and more.
Our offering
Having been an established tax and accounts client for a number of years, our corporate finance team were introduced to the CFO in 2022 to undertake a transaction services project.
Based on the success of the project, when PA Media Group signed heads on a new deal in 2023, we were asked to undertake the financial due diligence with international tax support on Singapore based iRace Media.
We partnered and worked closely with RSM Singapore who provided the tax due diligence and be our feet on the ground. Their approach was invaluable to an efficient and effective completion of the project.
The deal successfully completed in October 2023 and the transaction has enhanced PA Media’s existing offering of Betting and Racing services.
The team
The transaction services team was led by Steve Green, Mark Leyland, Gavin Starkey, and Katie Harker
International support from Ken Loke Yew (Taxation Director) and team.
What did the client say
‘RSM have worked alongside PA Media on our latest two acquisitions. They have a technically competent, hands on, pragmatic approach, which has worked particularly well throughout their engagements. Their local Singapore presence and knowledge was effective in the successful completion of Singapore based Racing data business, iRace.’
Lauren Westmoreland, Director of Finance PA Media Group