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Fried, Frank, Harris, Shriver & Jacobson LLP

07/27/2021 | Press release | Archived content

Ascential Acquires Majority Stake in ASR

Fried Frank acted as counsel to Ascential plc in its acquisition of a 51% stake in ASR Group Holdings (ASR). Ascential is a specialist information, analytics, and ecommerce company. ASR is a digital content optimization business. The acquisition is for an initial cash consideration of US$122 million, with an option to acquire two further 24.5% stakes in ASR.

The Fried Frank team was led by corporate partner Philip Richter and included corporate partners Michael T. Gershberg, Ashar Qureshi, John Satory, and Maxwell Yim; intellectual property and technology partner Amir R. Ghavi; litigation partner Joshua D. Roth; tax partner Michael J. Alter; corporate special counsel Taylor Souter; corporate associates Gregory Bernstein and Asad Hussain; executive compensation & ERISA associate P. Ryan Davis; intellectual property and technology associate Kimberly Mihovics; litigation associates Harrison D. Polans and Jessica Senat; and tax law clerk Michael Stepan.