Charles Russell Speechlys advise founder and CEO of AIM listed Internet Q plc on recommended buy-out and take private transaction
25 April 2016
Charles Russell Speechlys has advised Panagiotis Dimitropoulos, founder and Chief Executive Officer of InternetQ plc, on the recommended takeover offer for InternetQ plc by a consortium comprised of Mr Dimitropoulos, multi asset manager Toscafund Asset Management LLP and private equity house Penta Capital LLP. The offer valued InternetQ plc at approximately £72 million (as at 1 March 2016, the date of announcement of the offer) and went unconditional in all respects on 21 March 2016.
InternetQ plc is one of the world’s most successful mobile marketing and digital entertainment solutions providers, with messaging connectivity and mobile billing agreements with 150 wireless carriers spanning 80 counties worldwide. The group is headquartered in London and generates annual revenues in excess of €132 million (FY2014).
“We are delighted to have advised Mr Dimitropolous on this transformational deal which we hope will enable the company to accelerate its growth in existing and new geographies as is strives to become a global leader in mobile marketing and music streaming.”
For more information, please contact Jasmine Dillon, Head of Marketing Communications on +44(0)20 7203 5343.