Osborne Clarke has advised the senior management team of Cloud Savings Company Limited on its acquisition of Invitation Digital Limited (“IDL”), owner and operator of the Vouchercloud and Giftcloud brands, following a management buy-out from the Vodafone Group, placing the company back in the hands of its original founders, Scott Davidson and Greg Le Tocq.
Vouchercloud is one of the UK’s leading voucher platforms, having revolutionised the marketplace with the launch of Europe’s first voucher app in 2010. Its sister company Giftcloud launched in 2014 as Europe’s first entirely digital gifting app and website, allowing users instant access to digital gift cards while also providing businesses with a fully digital rewards and loyalty solution.
The Osborne Clarke team that advised on the transaction was led by private equity Partner Alisdair Livingstone (picture) and finance Partner Tom Bussy.
Law Firms: Osborne Clarke;
Clients: Cloud Savings Company Limited;