Press Releases

KEMP LITTLE advises on sale of leading mobile user generated community platform

February 2007

Kemp Little LLP, the leading UK technology law firm, advised The Parkmead Group Plc, the London-based AIM listed merchant bank on the sale of its subsidiary Yospace Technologies Limited to EMAP Consumer Media Limited. Yospace was sold for a total consideration of £8.7million in cash with further deferred consideration of up to £5.7million payable depending on Yospace's operating performance over the period to 31 March 2010.

Yospace is a technology and new media business which has developed a mobile video-based, user-generated community platform. Yospace's products include the "See me TV" and "LookAtMe!" services and its customers include the major mobile network operators in the UK. The acquisition has received national press coverage.

Charles Claisse, a partner in the corporate group, together with assistant Anne Dolan, advised The Parkmead Group Plc. Charles said "I was delighted to be working with Parkmead on this sale and assisting in the exit of another member of its investment portfolio."

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For further information, please contact:

Kemp Little LLP
Charles Claisse (020) 7710 1626
email: charles.claisse@kemplittle.com

About Kemp Little LLP:

Kemp Little LLP is a leading technology law firm dedicated to commercial, corporate and employment legal work for business and technology clients.

The firm's core attributes are:

technical excellence: Kemp Little has won numerous awards for technical excellence in the last five years;
innovation in legal services: Kemp Little is the first UK law firm LLP and the first firm to launch a client WIP (work in progress) extranet to enable clients to see real time 'what's on the clock'.

The firm is located at:
Cheapside House
138 Cheapside
London EC2V 6BJ
Tel: 020 7600 8080
Fax: 020 7600 7878