TURUNÇ has advised Ascential plc on the sale of its global consumer trends forecasting and product design business WGSN to funds advised by Apax Partners LLP for a total enterprise value of up to £700 million (subject to customary closing adjustments).
Ascential a specialist information, data and analytics company listed on the London Stock Exchange and part of of the FTSE 250 Index.
Apax Partners is a UK-based global private equity firm. It has raised and advised funds with aggregate commitments of over $65 billion.
Ascential was also advised by Travers Smith LLP, Slaughter & May, and Fried Frank.
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