International law firm Bird & Bird has advised leading online restaurant booking service toptable.com on its sale to OpenTable, Inc, for approximately $55 million USD in cash. The transaction closed on 1 October 2010.
The Bird & Bird team was led by Corporate partner Matt Dennis and assisted by Aaron Archer (Corporate), Caroline Brown (Tax) and Colin Kendon (Employee Incentives & Benefits) in addition to colleagues from IP, IT, Tax and Employment. Matt and his team have worked with toptable.com since its inception in 1999.
Karen Hanton MBE, founder of toptable.com, commented: "Bird & Bird managed the most challenging deadlines and a variety of major obstacles with absolute dedication and invaluable advice to complete this deal. Matt and his team’s work over the past 10 years has been a significant factor in achieving this very successful outcome for us.”
Matt Dennis, Partner, Bird & Bird, London, commented: "We are thrilled for Karen and the team at toptable.com. Our longstanding relationship with toptable.com is a great example of Bird & Bird applying its corporate, IP and commercial skills to a dynamic and growing media and technology business.”
Bird & Bird’s International Corporate and Media Groups have been advising on a range of deals recently including Mood Media’s admission to the London Stock Exchange’s Alternative Investment Market (AIM), bwin Interactive Entertainment AG’s merger with PartyGaming Plc, Fluid Music Canada’s acquisition of Mood Media Group SA and Talentum’s acquisition of Sverige Bygger and Norge Bygges.