Mergers and Acquisitions

Turnstyle Analytics Inc. in its acquisition by Yelp Inc.

Turnstyle Analytics Inc.
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Steven Dickie

Partner, Employment and Labour, Toronto

Michael Grantmyre

Partner, Emerging and High Growth Companies, Calgary

 

On April 3, 2017, Turnstyle Analytics Inc. and Yelp Inc. entered into a share purchase agreement pursuant to which Yelp acquired all of Turnstyle’s issued and outstanding securities for approximately US$20 million, paid in cash.

Turnstyle is a location-based marketing and analytics platform that provides Wi-Fi as a digital marketing tool to retain and reward customers.

Osler, Hoskin & Harcourt LLP represented Turnstyle with a team led by Chad Bayne and includes Michael Grantmyre, Simon Leith and Trevor Kirsh (Corporate) and Steven Dickie (Employment & Labour).

Value
US$20 million
Date Closed
April 3, 2017
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Steven Dickie

Partner, Employment and Labour, Toronto

Michael Grantmyre

Partner, Emerging and High Growth Companies, Calgary