The acquisition supports PA Media Group's long-term strategy to diversify its business and consolidate its position as the UK's leading provider of cross-platform news, sports and entertainment data, content and services.
Alamy was advised by a team of lawyers from DWF led by Corporate Partner Alasdair Outhwaite, with a team comprising of Katy Philips (Corporate), Ciara Healy (Corporate) and Caroline Colliston (Tax).
Commenting on the transaction, DWF Corporate Partner Alasdair Outhwaite said, "We are delighted to have advised Alamy during their sale and we look forward to seeing the business develop under its new ownership."
James West, Co-Founder of Alamy added "We are very grateful for DWF's guidance and counsel during this transaction and smoothly guiding us through this sales process with professionalism, patience and good humour as we approach an exciting next chapter for the business as part of PA Media Group."
The deal follows a series of significant transactions for DWF, with a combined value totaling £1.5bn in the six months to 31st October 2019. The transactions demonstrate the continuing strength of deal flow in DWF's key business sectors – Financial Services, Insurance, Retail, Food and Hospitality, Technology, Energy & Industrials, Public Sector, Real Estate and Transport.