CPPGroup Plc’s acquisition of Irish company Blink Innovation Limited

Slaughter and May has advised CPPGroup Plc, the international assistance business, on its acquisition of Irish company, Blink Innovation Limited, 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 advised CPPGroup Plc on the deal with a team led by Andrew Jolly (partner, in picture) and Rose Bailey (associate).

A&L Goodbody has advised CPP in relation to matters of Irish Law with a team led by Richard Marron.

Involved fees earner: Andrew Jolly – Slaughter and May; Rose Bailey – Slaughter and May;

Law Firms: Slaughter and May;

Clients: CPP Group Plc;