BLP advises on acquisition of family social network company
Berwin Leighton Paisner LLP (BLP) has advised Israeli online family network company MyHeritage Ltd. (MyHeritage) on its acquisition of the family social network company Kindo Network Ltd (Kindo).
MyHeritage has more than 25 million members worldwide and is known for its powerful technology which helps families research their histories and stay connected. Its service is currently available in 25 languages. The Israeli company will be setting up new commercial operations in London as part of the deal.
London-based Kindo was founded in 2007. Its web-based family networking platform is available in 17 languages, including Arabic, Chinese, Russian and Hindi.
The BLP team was led by corporate finance partner Jonathan Morris and corporate finance associate Nick Watson.
Commenting on the deal, Jonathan said: “We are particularly pleased to have advised MyHeritage on this acquisition which will boost its operations in Europe.”
Michael Heller and Ayala Levy of the Israeli law firm Goldfarb, Levy, Eran, Meiri, Tzafrir & Co. advised MyHeritage on the Israeli aspects of the deal. Tina Baker of Brown Rudnick advised Kindo.
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