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Press Release

Firm advised acquisition of mobile platform & product development firm

15/06/2012

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United Kingdom

Fieldfisher advises on acquisition of mobile platform and product development firm Apsmart by Thomson Reuters

Fieldfisher advises on acquisition of mobile platform and product development firm Apsmart by Thomson Reuters

Field Fisher Waterhouse LLP has advised venture capital firm DN Capital and Rahul Powar, the creator of the first Shazam iPhone application, on the sale of Apsmart to Thomson Reuters.

Founded in 2009 by DN Capital and Rahul Powar, Apsmart is at the cutting edge of mobile build and design. The team is well known for creating connected, data-driven applications for iOS and Android devices.

Fieldfisher technology partner David Naylor led on the deal assisted by a team that included corporate partner Laurence Lumb, corporate associates Tom Ward and Guy Burman, senior technology associate Emily Parris, and partners Andrew Prowse and Mark Gearing, who advised on tax matters and employee share options.

David Naylor said: "Apsmart is a recognised leader in mobile app development at a time when mobile has become a key driver in technology innovation and global commerce. This is an important area of focus for us, and it's been a pleasure to work with our friends at DN Capital and Apsmart on this transaction. We wish them every success in the future".

Nenad Marovac, Managing Partner, at DN Capital said: “The team at Fieldfisher are real experts in the media and telecoms sector and did an amazing job on a what was a complicated deal. We highly recommend them to other start up companies.”

This deal reflects the strength of Fieldfisher's TMT sector expertise, with clients that include some of the world's largest mobile operators as well as companies such as the BBC, RIM and China Telecom.

Terms of the agreement were not disclosed.

 


For further information, please contact:

Louise Eckersley, PR Manager, Field Fisher Waterhouse LLP on 020 7861 4120

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