Bird & Bird advises new client Hotprints Limited on its $1 million seed round financing

21 May 2008

International law firm Bird & Bird has advised new client Hotprints Limited on its $1 million seed round financing. The transaction sees a number of individual and corporate investors acquiring approximately 45% of the company.

Hotprints Limited is establishing itself as an innovative provider of personal printing. The company will initially operate in the United Kingdom and the United States.

Angus Miln, a Partner in the London Corporate Group, headed the Bird & Bird team, assisted by corporate associate, Helen Down.

S. Mohammad M. Ahmadabadi, CEO and co-founder of Hotprints Limited, said “Delivering a deal on time and on budget are crucial to the success of a seed round financing. Bird & Bird's pragmatic approach ensured that this happened. We look forward to continuing our relationship with Bird & Bird as our business develops.”

Since joining Bird & Bird in 2007, Angus Miln has advised numerous companies in connection with venture capital investments and related transactions and has acted for a significant number of new investor side clients - including Index Ventures, Global Finance, InMedia Invest, Tate & Lyle Ventures, Sandpiper Investments Limited, Scottish Enterprise, Aescap Venture, E-Synergy and Venture Business Research.

For more information please contact:
Derek Gilmour or Ben Girdlestone
Tel: +44(0)20 7415 6079 / +44(0)20 79826470
Email: derek.gilmour@twobirds.com or ben.girdlestone@twobirds.com

-Ends-

Notes to Editors

About Bird & Bird

Bird & Bird is a full service international commercial law firm with offices in Beijing, Brussels, Düsseldorf, Frankfurt, The Hague, Helsinki, Hong Kong, London, Lyon, Madrid, Milan, Munich, Paris, Rome and Stockholm.

For more information on Bird & Bird please go to www.twobirds.com