Law firm advises on majority share sale

Geldards has advised the Employee Ownership Trust at a digital marketing agency on a majority share sale to a US firm.

RocketMill provides a full service across digital media, data analytics, strategy and creative and clients include some of the world’s highest-profile brands.

Capitalising on the company’s growth and success to date, the sale to PMG, a leading US agency, secures the future of the business.

Geldards is one of the leading advisors on Employee Ownership Trusts.

It advised the RocketMill EOT trustees on trustee duties and responsibilities in respect of the transaction and helped guide the trust through the deal.

Partner Debra Martin, who led the deal advising the trustees, said: “Geldards has enjoyed working closely with the RocketMill EOT trustees to ensure all trustee duties were satisfied during the completion of the sale.

“There were some complex issues for the trustees to work through and we were delighted to support them through this next important phase for the business.”