LK Shields Solicitors acted for numerous shareholders of Gift Voucher Shop (GVS), the highly successful Irish pre-paid gift card company which trades in Ireland and the United Kingdom, in connection with An Post's acquisition of a majority stake in GVS.

The deal involves an investment in the region of €9 million (euro) made up of equity and loan notes, an element of which will be determined by the future performance of the GVS operation in the UK.

The transaction team at LK Shields Solicitors was led by Partner Emmet Scully with assistance from Associate Becky Crawley, both of the Business Department.

January 2010.