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Cupid swoops for Uniform Dating

asb law's Corporate Finance team has recently acted for the shareholders of NSI (Holdings) Limited in the sale of the company to Cupid plc for a consideration of up to £7m.

NSI (Holdings) Limited (based in Merstham, Surrey) runs Uniform Dating, the online dating website which is targeted at uniformed personnel such firefighters, police, armed forces and nurses.

Geoff Hyams, former Managing Director of NSI (Holdings) Limited stated: “We are delighted to have completed this deal which was always part of the plan for the business. The whole team at asb law was excellent and I was really pleased with the sensible pragmatic advice that we received throughout the process. This was the first deal of this nature we had undertaken and having the asb team on our side helped to ensure it was as painless as possible”

Andrew Hoad has worked with NSI (Holdings) Limited for a number of years and he and Claire Williams lead the team that advised the shareholders. Andrew commented: “It has been a great deal to work on, with undoubtedly a more interesting subject matter than a lot of our deals! We look forward to building on our relationship with the other NSI companies as they continue to grow.”
 




Author:asb law

Source:http://www.asb-law.com