Kuits advises Daily Internet plc25 Oct 2013
Manchester law firm Kuits Solicitors has advised AIM listed web hosting provider Daily Internet plc in their latest bid to expand its offering.
Daily has announced the acquisition of Netplan Internet Solutions for £2.5 million to help extend Daily’s product reach in target markets and to provide significant dedicated server expertise to help reduce the risk of expanding into new markets.
The acquisition of Netplan is Daily’s first move towards developing a one-stop supplier of hosting products for UK and European markets.
The company has also undertaken a share placing to raise £3 million to support this phase of growth.
Daily Internet plc was advised by corporate and AIM specialists Kirsti Pinnell and Jamie Partridge from Manchester law firm Kuits Solicitors.
Kirsti said: “We are pleased to have completed this acquisition and placing for Daily Internet which supports their growth strategy”.
Sanlam Securities UK was Daily Internet’s nominated advisor.
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