Harbottle & Lewis advise MAMA Group on Angel Music Group acquisition

Media and entertainment lawyers, Harbottle & Lewis, have advised MAMA Group Plc on its 70% acquisition of Angel Music Group Limited from Neil Moffitt. The part-share, part-cash deal which completed on 12 June 2008 will enable MAMA Group to increase its investment in the music festival market and to further develop high quality music events.

Angel Music Group and its subsidiaries own some of the world's leading dance music and festival brands. Together with LN-Gaiety Holdings Limited, part of the Live Nation group of companies, it owns the rights to the award winning UK festival Global Gathering and the leading Welsh dance music festival Escape into the Park. It also owns several dance music club brands including Godskitchen which operates from the Air Nightclub in Birmingham.

Tim Parker, partner in the Corporate Practice, advised MAMA Group on the transaction and was assisted by Charles Lévęque, Jaron McVicar and Sarah Pons. David Scott and Louise Gordon provided advice relating to tax.

Tim Parker commented: "We have now assisted MAMA Group on a number of acquisitions in the past year during a time of rapid growth for the company which has seen it move into new areas of the music and entertainment industries, with a clear vision to develop a 360 degree business model".

Adam Driscoll and Dean James, Co-Chief Executive Officers of MAMA Group said: "We are delighted to be making this investment in the AMG Group, the operations of which perfectly complement those currently provided by MAMA. The acquisition presents a unique opportunity to increase the company's investment in the music festival market whilst also creating exciting opportunities to work with the shareholders and employees of the AMG Group to produce world class music events."

For further information, please contact Tim Parker on 020 7667 5000.

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24/06/08

Note for Editors

Harbottle & Lewis LLP
Harbottle & Lewis provides specialist advice to the media and entertainment industries. It is consistently recognised as a leading firm in these areas by independent sources.

Firm overview: The firm's work encompasses all areas of media and entertainment, including film, television, broadcasting, sport, music, publishing, advertising fashion and theatre and remains unique in having expertise right across these sectors.

We provide a complete range of commercial advice to our clients, including: buying and selling businesses and companies, joint ventures, finance, capital markets, commercial disputes, property, employment, immigration and tax. Other specialist legal areas include, sponsorship, intellectual property, legal issues relating to media, including defamation, advertising, brand protection, data protection, privacy, art and gaming and gambling as well as private client and matrimonial work. The firm's expertise in other areas such as aviation and charities is also widely recognised.

Much of our work involves the technology, new media and telecoms industries and we have done ground-breaking work in connection with the digital exploitation of content and e-commerce generally. Specialist knowledge and understanding of the entertainment industry and related IP issues enables the firm to identify and deal with the key issues at an early stage, and then negotiate and provide commercially sound legal advice from a position of strength.

Recent work:
In the last year we have advised on a number of significant corporate deals in the media and entertainment sector including:

75% acquisition of Raymond Gubbay Ltd by Deutsche Entertainment AG (DEAG)
Virgin Holidays acquisition of Fast Track Holidays
Acquisition of Objective Productions by All3Media
Acquisitions of Minotaur International and Greenlit Rights by Target Entertainment
Joint venture agreement between Channel 4 and Emap plc
Acquisition of Prospect Pictures, September Films and West Park Pictures by DCD Media
Virgin Active acquisition of Holmes Place
Financing and acquisitions of development houses by SCi/Eidos and Take 2
Sale of 90% of Virgin Books by Random House

Issued by
Caroline Renton
Head of Marketing
caroline.renton@harbottle.com
Tel: 020 7667 5231