Slaughter and May advised CPPGroup Plc (CPP), the international assistance business, on its acquisition of Irish company, Blink Innovation Limited (Blink), 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 is acting alongside A&L Goodbody (Richard Marron) who advised CPP in relation to matters of Irish Law.
Contacts

Contacts: Andrew Jolly (partner), Rose Bailey (associate)