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A Jersey law firm has advised Fortress Investment Group on its acquisition of Vice Media Group in a deal valuing the high-profile media company at $350 million.
The digital media group, whose assets include Vice News, Motherboard, Refinery29 and Vice TV, filed for bankruptcy in May 2023.
Fortress then led a consortium of lenders, including Soros Fund Management and Monroe Capital, in a court-sanctioned asset purchase.
Ogier's Corporate team, which was led by Partners Simon Dinning and Oliver Richardson, advised on Jersey and BVI law aspects of the deal.
The team also included Senior Associate Chloe Watson-Hill and Associate Gayoung McLellan, and Partners James Angus and Oliver Passmore from Ogier's Restructuring and Corporate Recovery team. Counsel Will Austin-Vautier provided employment law support, while Senior Associate Robin Burkill advised on the BVI side.
Advocate Richardson commented: "We were very pleased to advise Fortress on its acquisition of Vice, one of the most iconic brands in news and entertainment.
"Our team in Jersey was able to provide legal advice covering multiple jurisdictions from the same time zone, and we were able to draw on the experience and knowledge of our colleagues from across disciplines to provide Fortress with a seamless, integrated service."
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