Mishcon de Reya has advised Euphoric Global Ltd (EGL) on its acquisition of part of the business and assets of Peppy Health Ltd (PHL).
PHL had developed a new AI-powered benefits technology that delivers hyper-personalised benefits to employees when they need it most. This platform combines intelligent data analysis with a consumer grade experience, closing the gap between traditional support and modern expectations at scale. As this platform has gained commercial traction, the founders agreed to spin it out of PHL into Euphoric to allow it to thrive independently.
PHL shareholders will retain a stake in EGL.