Freshfields advises on the £2.2bn sale of ZPGFreshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised ZPG Plc (‘ZPG’) on its proposed acquisition by Silver Lake. The acquisition, which will be effected via a scheme of arrangement, values ZPG at approximately £2.2 billion and is subject to customary conditions including FCA and European Commission approval. It is expected to close late in the second quarter or early in the third quarter of 2018.
ZPG owns and operates some of the UK's most trusted digital brands that help empower smarter property and household decisions, including Zoopla, uSwitch, Money, PrimeLocation and SmartNewHomes. ZPG is also one of the leading residential property data and software providers with a range of products including Hometrack, Calcasa, TechnicWeb, Ravensworth, Alto, Jupix, ExpertAgent, PropertyFile and MoveIT.
The Freshfields team advising on the deal is being led by partners Mark Austin and Piers Prichard Jones, while Alice Greenwell and Rod Carlton are leading on employment and competition matters, respectively.
Freshfields also advised ZPG on its IPO in 2014.
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