Three Internet Deals For Manches in Three Weeks

Manches has successfully seen through its third high profile internet deal in three weeks.

The firm's latest deal involved advising Musicunsigned Ltd (www.musicunsigned.com) – the internet company which promotes unsigned artists via the web – on a venture capital deal with a private investor. The internet deals from the previous fortnight involved Marks & Spencer and Moss Bros.

“We have seen an explosion of Internet business this autumn,” says Matthew Martin, a partner in Manches Corporate Finance department. Paul Woolf head of Manches Media Group says: “The entertainment business is being revolutionised daily and my team understand the legal, business and technological issues involved in this revolution.”

The deal, which involved a reorganisation of Musicunsigned Ltd's share capital, provides the company with a substantial level of capital in return for a stake in the company. The investment values Musicunsigned Ltd at £4 million.