Love is in the air as Cupid acquires Uniform Dating
14 Sep 2012 | 10:04 am |
International law firm Pinsent Masons has advised dating website operator Cupid on a deal to buy Uniform Dating for a total consideration of around £7 million.
The move is the latest in a string of domestic and international acquisitions by the Aim-listed company, run by serial technology entrepreneur Bill Dobbie.
Anna Brown, a Partner at Pinsent Masons who advised on the deal, says: "We are delighted to have assisted Cupid on the latest in a long line of deals. At a time when many AIM companies are searching for growth, Cupid continues to attract significant backing to fund its impressive programme of expansion. We hope to assist them further as they move into the next phase of their domestic and international growth.
" Dobbie said: “We look forward to driving Uniform Dating’s growth further through our international footprint and marketing expertise. The acquisition further demonstrates our ongoing plan to drive earnings and shareholder value both organically and through strategic acquisitions.”
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