Ashurst wins starring role in TV selloff

Ashurst has advised investors in Sparrowhawk Holdings on the disposal of a global portfolio of pay TV channels to NBC Universal. Corporate partner Andrew McMillan led the team acting for 3i Group, Providence Equity Partners, UK television executive David Elstein and the other shareholders of Sparrowhawk. Employee benefits partner Barbara Allen, employment partner Caroline Carter, competition partner Duncan Liddell and international finance partner Simon Thrower also acted on the deal. Weil Gotshal & Manges corporate partner Ian Hamilton acted for NBC Universal, while Debevoise & Plimpton tax partner Peter Schuur advised Providence on the US tax aspects of the deal.