Group’s £101 Million Acquisition Of Quidco

Osborne Clarke has advised Maple Syrup Media Limited (trading as Quidco) on the deal.

Quidco is a leading cashback business in the UK, with around one million transacting users. It offers cashback at over 4,500 merchants including retail, travel and switching services.

Quidco was co-founded by Paul and Jennifer Nikkel whilst studying at the University of Sheffield in 2005 as a way of saving students money as they shopped online. Since then, Quidco has grown to around 100 employees, nearly £60m in revenues, and £7.9m of EBITDA. Group plc is a FTSE 250 listed operator of leading UK price comparison sites for insurance, money, home services and other products. The acquisition strengthens Moneysupermarket’s purpose of helping households save money. 

The Osborne Clarke team was led by Partner Ken Wilkinson (Picture) with assistance from Senior Associate Will Carlyle from the Corporate team. Partner Mathew Oliver, Senior Associate Jonny Musty and Associate Ben Doeh advised on tax matters.

Involved fees earner: Will Carlyle – Osborne Clarke; Ben Doeh – Osborne Clarke; Mathew Oliver – Osborne Clarke; Ken Wilkinson – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: Maple Syrup Group;

Author: Giulia Di Palma