London firms play role in high profile publishing merger
30th October 2012
A number of expert corporate solicitors with top London lawyer jobs have advised on the recently completed landmark merger of the Penguin Group and Random House publishing outfits, along with three leading US firms.
Under the terms of the deal, the two groups will now be known collectively as Penguin Random House, following an agreement between the subsidiaries’ rival owners, Pearson and Bertelsmann, who are based in America and Germany respectively.
The merger is expected to have come into full effect by around the middle of next year, with Bertelsmann owning a slight majority share in the combined business, controlling 53 per cent compared to Pearson’s 47 per cent, so long as regulatory approval is granted.
The CEO of the partnership will be Markus Dohle, also the current worldwide chairman and CEO of Random House, whilst Penguin’s chairman and CEO, John Makinson, is to take up the role of chairman of the board of directors.