On Oct. 13, 2016, Norton Rose Fulbright represented an affiliate of Genesis Park, LP (a partnership founded by Paul Hobby) in its agreement to purchase the assets of Texas Monthly magazine from Emmis Communications Corporation for US$25 million, subject to working capital adjustments.
Texas Monthly magazine is a leading lifestyle publication covering human interest stories in Texas since 1973, winning 13 National Magazine Awards. Emmis has owned Texas Monthly since 1998.
The transaction is expected to close in early November. Genesis Park is a private equity firm with a focus on Texas-based communications and technology businesses.
The US deal team, led by US Head of Corporate, M&A and Securities David Peterman, included corporate, M&A and securities associate Katie Mize, US Head of Tax Bobby Phillpott, tax partner Mark Miller, intellectual property partner Alicia Groos, intellectual property counsel Katherine Klammer Madianos, real estate senior counsel Robert Barnes, and environmental partner Janet McQuaid.