Slaughter and May advised CPPGroup on its acquisition of Blink Innovation Limited17 Mar 2017
Slaughter and May advised CPPGroup Plc (CPP), the international assistance business, on its acquisition of Irish company, Blink Innovation Limited (Blink), for an initial consideration of €1m and an earn-out based on future products developed by Blink. The initial consideration was paid on completion. The earn-out is based on up to 20% of defined profits (subject to maximum of €20m profits) generated over the next five years.
Blink is a digital assistance insurance business that develops products for the travel market. It is based in Cork, Ireland.
Slaughter and May is acting alongside A&L Goodbody (Richard Marron) who advised CPP in relation to matters of Irish Law.
Contacts: Andrew Jolly (partner), Rose Bailey (associate)
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