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Corporate News: Waterfront advise the founders of Globrix on the acquisition by Associated Northcliffe Digital

Jan 29, 2010

Waterfront acted for Daniel Lee and Ian Parry, the founders of Globrix, in relation to the acquisition by Associated Northcliffe Digital, the parent company of The Digital Property Group (the digital media arm of Daily Mail & General Trust), of a stake in the company. Globrix was founded in 2007 and is the UK’s largest free-to-list property search engine. For more information about the acquisition please see the press release issued by The Digital Property Group.   “Waterfront advised me on my MBO from News International and the subsequent sale of a stake in my company, Globrix, to Daily Mail & General Trust.  Waterfront were able to advise on all necessary areas of law for these transactions and support us in a very complex legal process where the other side was using much larger city firms. Being a small business it was crucial for us to find top quality legal advice but at a fraction of the cost of the big city firms, which is exactly what Waterfront provide. I would recommend them without hesitation.” - Daniel Lee