London – LAWFUEL – The Legal Newswire – DLA Piper has advised ITV on the sale of Independent Television Facilities Centre Limited (“ITFC”) to Elektrofilm Limited, a wholly owned subsidiary of Medici Group LLC. ITFC provides video post production for acquired programming and subtitling and audio description services.
DLA Piper also advised ITV on a long-term services agreement, which was put in place as part of the sale, under which ITFC will continue to provide post video production, subtitling and audio description services for ITV1 and other ITV channels.
Commenting on the deal, Mark Crichard, IT and telecommunications partner at DLA Piper, said: “We were delighted to be appointed to work with ITV again. The project was particularly challenging in that we needed to negotiate the long term service agreement (in the same way that we would for a conventional outsourcing deal), whilst at the same time dealing with the business sale.”
The DLA Piper team advising ITV was led by Mark Crichard on the services agreement side and Jonathan Richards on the corporate side. The team, which included associates Richard Smith and Mark Chivers, worked closely with ITV’s in-house lawyers, Suzanne Dibble and Lucy Beard.
Elektrofilm was advised by Latham & Watkins, led by Luke Grubb and Farah O’Brien.
