Covington Advises Rightster Group plc on Two Acquisitions and Placing of New Shares

Covington Advises Rightster Group plc on Two Acquisitions and Placing of New Shares

July 10, 2014

LONDON, 10 July, 2014 — Rightster Group plc, an AIM-listed cloud-based global video distribution and monetisation network, announced the acquisition of Viral Management Limited, the proposed acquisition of Base79 Limited and the placing of new shares by Cenkos to raise £42 million for the company. Covington & Burling advised Rightster on these transactions, which follow on from the firm advising the company on its IPO in November 2013.

The Covington team was led by partner Paul Claydon and included partners Natalie Walter and Kristian Wiggert (US securities law issues), of counsel Guy Dingley (Tax), associates Kristian Shearsby, Simon Williams, Elizabeth Stary, Philip Young (US securities law issues) and Sarah Hoult.