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Quastels Advises £80m-turnover Rev Corp Ltd on sale of business and assets to Winvia Entertainment
Quastels has advised Rev Corp Ltd (“Rev Comps“) on the sale of its business and assets to Winvia Entertainment (“Winvia“), a technology-led entertainment group.
Rev comps is a digitally-driven UK prize competition platform which has build a strong reputation in its market, underpinned by a highly engaged customer base and consistent commercial performance. The transaction represents a significant milestone for the business, enabling it to benefit from Winvia’s proprietary technology and broader growth platform.
Under the agreement, Winvia will pay £11.8m in cash in three instalments. Following completion, key members of the Rev Comps team are expected to remain involved in the business, supporting continuity and future development as part of the Winvia group.
Quastels advised Rev Corp Ltd on all legal aspects of the transaction. The team was led by Ben Gale (Partner, Corporate), and supported by Charlotte Vallins (Partner, Commercial Real Estate), Ann-Maree Blake (Legal Director, Commercial), Jamie Crocker (Solicitor, Corporate), Ramona Bakshi (Solicitor, Employment), Patrick Higgins (Solicitor, Employment) and Imogen Burrows (Trainee, Corporate).
Gerald Edelman acted as corporate finance advisers to Rev Corp Ltd.
Comment
“We are delighted to have supported Rev Corp Ltd on the agreed sale of its business and assets to Winvia. Rev Comps has built a strong platform with an engaged customer base and a compelling position in a fast-evolving sector. The transaction reflects the quality of the business and provides a clear pathway for its next stage of development. It was a pleasure working alongside the Rev Comps team and Gerald Edelman to successfully agree the transaction and we look forward to working with the parties through to a successful completion.”
– Ben Gale, Corporate
Client Testimonial
“Quastels – an incredibly efficient and personable law firm with a team that’s second to none.
I clicked with Ben and the team from our very first introductory call. This wasn’t your tyrpical lawyers’ meeting filled with cryptic lawyer jargon, it was approachable, clear and refreshingly straightforward. Ben and the team were relatable and easy to talk to. We discussed the deal in detail, but what really stood out was the ability to have light-hearted conversations alongside the more serious aspects – that’s what really set Quastels apart for me.
The beauty of this whole experience was Quastels’ ability to cater to our needs. I hate back-to-back phone calls and endless meetings. Ben realised this early, and we quickly established a straightforward and modern way of working. The flexibility and responsiveness set Quastels apart form my previous experiences with lawyers.
We were able to exchange on the deal in record time, and I firmly believe this was not only due to the fantastic team at Quastels, but also the speed and efficiency of communication.
Both sides needed to get the deal over the line quickly for various reasons, and when it came to meeting that deadline, the team went above and beyond, working all hours to get it done. I was receiving updates from Ben at 3.30am on Sunday morning, the evening of exchange, a clear reflection of his commitment and work ethic.
Ben is someone you can rely on to knuckle down and make it count when everything is on the line. Quick replies to any questions and an attitude to work that is rare in the current world, Ben and the team really did look after us exceptionally well and we’ve had some laughs along the way too.
I wouldn’t hesitate to use Quastels again. They have been superb from start to finish and will be my go-to firm for any future legal work.
Thank you for helping make this deal happen, for protecting our position throughout and for the fantastic service, advice and professionalism (with some light-hearted banter mixed in with it) from start to finish. I can’t say enough good things about you all.”
– Robert Savage
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Quastels Advises on Complex Student Accommodation Acquisition
Quastels LLP has advised a private investment vehicle on the acquisition of a company owning substantial purpose-built student accommodation assets. The transaction represents a significant addition to the client’s portfolio and showcases Quastels’ strength in delivering complex, multi-disciplinary transactions in-house, drawing on integrated expertise across Real Estate, Corporate, Banking & Finance and Construction teams.
The acquisition, valued at approximately £23 million, involved a multi-layered structure with a split exchange and completion, extensive real estate and construction due diligence, entities in several offshore jurisdictions and the negotiation of new debt financing. The transaction required careful management of the multi-jurisdictional elements, lender repayment and refinancing arrangements, construction documentation, retentions and escrow mechanisms and coordination between a wide range of stakeholders.
The deal was led by Naomi Jones (Partner, Real Estate), Ben Gale (Partner, Corporate) and Jason Greenberg (Partner, Banking & Finance), and was supported by Stephanie Houston (Senior Associate, Construction), Sari Wallace (Senior Associate, Banking & Finance), Jamie Crocker (Solicitor, Corporate) and Imogen Burrows (Trainee Solicitor, Corporate).
Commenting on the deal, Naomi Jones said:
“This was a particularly complex and fast-moving transaction involving numerous moving parts and stakeholders. We are proud to have supported our client in securing an important strategic acquisition and to have demonstrated the depth of our in-house cross-disciplinary expertise in the process.”
The deal further demonstrates Quastels’ growing profile in the lower mid-market, with the firm increasingly instructed on high-value, technically challenging cross-border mandates requiring real estate, corporate and financing expertise to deliver cohesive solutions to our clients.
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Quastels advises Wealdstone Football Club on the landmark investment by US‑based investor Lakefront Football Partners
Quastels is delighted to have advised Wealdstone Football Club on the landmark investment into the club by US‑based investor Lakefront Football Partners LLC owned by Nick Semaca. Lakefront Football Partners LLC has now formally become the club’s new majority shareholder.
The transaction represents a pivotal moment for the National League side, securing long‑term stability and growth opportunities while preserving the club’s historic commitment to fan ownership and was completed alongside the club’s new lease at Grosvenor Vale expiring 31 May 2036.
The Wealdstone investment adds to our already well‑established sports practice which continues to advise clubs, investors and other stakeholders on complex corporate, real estate and governance matters.
The Quastels team was led by corporate partner Adam Convisser, real estate partner Mark Cornelius and sports/regulatory partner Simon Grossobel. The partners were supported by Jamie Crocker (solicitor), Joshua Buxton (trainee solicitor) and Max Sherrard (sports/regulatory).
Director and Vice Chairman, Dominic Whyley, said:
“It was a pleasure working with Quastels and their team on this exciting transaction for the club. The team provided great counsel, guidance and support throughout our long journey to identify the right investor for this great club and help us deliver an executable transaction whilst navigating the complexities of our existing constitution and shareholder base.”
Adam Convisser commented:
Read More“We were delighted to support Wealdstone FC on this transformative investment. Nick’s investment represents a significant milestone for the club, and we are proud to have played a role in helping deliver an outcome that strengthens its future while honouring its history and community values.”