NEWS RELEASE: ISSUED ON BEHALF OF SQUARE ONE LAW
Corporate lawyers at Square One Law have successfully advised the interactive gaming group Netplay TV on the acquisition of Vernons.com which operates an online casino, bingo, poker and sports book.
The acquisition includes the brand, customer database and various other gaming assets.
Netplay TV CEO Charles Butler said: “This acquisition which will be immediately earnings enhancing, fits very well with the Group’s core business, adds scale and customer reach, and will be integrated quickly and efficiently to realise the excellent operational synergies.”
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This demanding transaction showcased the strength and depth of Square One Law’s corporate team as they were able to complete the deal in two and a half weeks as opposed to the standard four to six.
Advising the buyer on all aspects of the deal including trademark and domain name issues along with continuing relationship agreements, Square One Law was able to finalise the transaction with full support from all parties.
Head of corporate and commercial Jeremy Swift said: “Over the last seven years I have worked with Netplay TV on a number of transactions. I was delighted to be able to further support the growth and development of the business.”
Charles Butler continued: “The corporate team at Square One Law has continued to impress me with their ability to advise on all aspects of corporate and commercial law. Jeremy and the team understand Netplay TV and its strategic vision which ensured the transaction was completed quickly and efficiently.”