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03-Mar-2016 11:05

The UK’s leading online dating agency Dating and its sister company Chemistry are to be sold to the European sector leader Meetic in a deal worth £27.3 million.The Birmingham office of Clearwater International, advised by Midlands’ solicitors HBJ Gateley Wareing, is acting as matchmaker for the deal, after being appointed by Dating Direct.com’s shareholders to advise them on their strategic options.In 2004 the company was ranked number 35 in the Sunday Times/Microsoft Tech Track 100 fastest growing technology companies.Since then, it has continued to grow with estimated revenue for 2006 reaching £11 million this year.The transaction should be completed in January, once the remaining conditions have been fulfilled.

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