The media manoeuvres of Kerry Stokes have generated work for firms with Baker & McKenzie advising Seven stakeholder Kohlberg Kravis Roberts (KKR), Freehills advising Seven Media Group and AAR advising Western Australian Newspapers Holdings.

Lead partner for Baker & McKenzie was Mark McNamara, assisted by private equity partner Julie Hutton, corporate partner David Holland and tax partner Tim Sherman. This latest deal, which sees KKR sell its stake in Seven Media Group to West Australian Newspapers Holdings for A$4bn, continues the long standing relationship between Bakers and KKR. The firm in fact advised KKR on its initial stake acquisition in Seven and has acted for this client for several years.