LongAcre Partners, the UK media M&A firm and European wannabe-of-sorts to Allen & Company, has been bought out by Jefferies, the US-based mid-market investment bank. The firm was launched seven years ago with backing from JP Morgan and UK law firm Olswang but the advisory firm’s top five executives, led by CEO Jonathan Goodwin, bought out its backers in March this year.
The terms were not disclosed, but the story said it was about $80 million. The two firms said the acquisition was completed
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