The private shareholders of Local World Holdings Limited have sold the company to Trinity Mirror Group plc for US$350 million.
Trinity Mirror is one of the largest multimedia publishers in the UK. The group has evolved over time, beginning with just a single local publication. The Trinity Mirror portfolio now spans the country and its publications, websites and digital services bring news, entertainment and new opportunities to local, regional and national audiences every day.
Local World is one of the largest regional media networks in the UK. The group publishes a number of regional newspapers. It has a portfolio of around 100 long-standing print titles and more than 70 websites.
Smith & Williamson, a UK member firm of Oaklins International Inc., advised the seller in this transaction.
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