FBL Avocats acted for Julian Kabab, Fabrice Bascoulergue, and Arnaud Ruols, founders of the successful dating app Fruitz, in connection with its acquisition from the American group Bumble.
Three years after selling it for $75 million, the three co-founders decided to regain control of Fruitz following the announcement by Bumble to shut down this dating app with its unique concept.
Negotiated over several months, this buyout marks a return to the roots for the app, which has one million monthly active users in France, Switzerland, Belgium, and Canada and generates over 10 million in revenue, and which is expected to grow significantly and continue to evolve.
FBL Avocats uses this transaction to reinforce its position as a leading player in cross-border mergers and acquisitions.
Advisors :
· Acquirers: Julian KABAB, Fabrice BASCOULERGUE and Arnaud RUOLS
· Seller: BUMBLE Group
Advisors :
· Legal Counsel to the Buyers: FBL Avocats (Corporate: Julien GRUYS and Clotilde MOUCHEL – Tax: Cyril VANCRAEYNEST – IP: Pierre NIEUWYAER)
· Legal Counsel to the Seller: Bird&Bird (Félicien BARDSLEY and Yvan VERITE)
.svg){kind=small}
