Frankfurt am Main, 8 December 2020
SKYE PARTNERS advised EHM Holding GmbH (EHM), the founders of of InnoGames GmbH (InnoGames), on a further partial sale to the Swedish media group Modern Times Group MTG AB (MTG) and on the subsequent establishment of a joint Games Vertical.
MTG takes over a further 17 percent of the shares in InnoGames, Germany’s leading developer and publisher of mobile and online games, increasing its shares to a total of 68 percent. The price for the additional shares is EUR 106 million. A key component of this transaction is the establishment of a gaming group MTG Gaming AB, which initially includes InnoGames and Kongregate (USA). The InnoGames founders will hold approx. 28.15 percent of the shares in the group. Further acquisitions of gaming companies are planned by the group.
InnoGames is Germany’s leading developer and publisher of mobile and online games. The Hamburg-based company is best known for Forge of Empires, Elvenar and Die Stämme. InnoGames’ entire portfolio includes seven live games and several mobile games in production. Started as a hobby, InnoGames now employs more than 400 people from over 30 nations who pursue the goal of creating unique games that offer players from all over the world years of fun.
MTG (www.mtg.com) is a Swedish-based strategic holding company specializing in eSports and gaming entertainment, the shares of which are listed on Nasdaq Stockholm ((‘MTG A’) and (‘MTG B’)).
The SKYE PARTNERS team, which specializes in M&A and private equity transactions, already advised EHM and the founders in 2016 as part of the sale of a majority stake in InnoGames to MTG. Since then, SKYE PARTNERS has continuously advised the participants on corporate law issues.
SKYE PARTNERS and its cooperation partners in Stockholm have now advised EHM on the legal and tax issues required for the transaction and on the handling of the transaction.
Advisors to EHM and Founders:
SKYE PARTNERS, Frankfurt a.M.: Holger Scheer (lead), Sandra Brieske, Christoph Breithaupt, Julia Rosigkeit, Lisa Schulte (all M&A / Private Equity); Dr. Frank Bayer (Tax & Structuring); Dr. Christoph Herrmann (Antitrust Law), Anders Moberg & Team (Corporate M&A – CIRIO, Stockholm).
Advisors to MTG:
Norton Rose Fulbright, Frankfurt a.M.: Nils Rahlf and Andre Hartmann (Corporate / M&A), Tino Duttine (Tax)
Gernandt & Danielsson, Stockholm: Frederik Palm, Oscar Anderson, Arijan Kan (Corporate / M&A)
Holger Scheer – SKYE PARTNERS
Tel: +49 69 99999 3800
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de) is active since February 1, 2018 as a transaction law firm, specializing in corporate law, venture capital, private equity and restructuring. With more than 25 years of international experience in corporate transactions, we use state-of-the-art software technology to form and coordinate bespoke teams for our clients’ complex transactions. Thereby, SKYE PARTNERS already developed a growing network of more than 400 legal advisers at 17 locations in the major jurisdictions of Europe, America, Asia and the Middle East.
SKYE PARTNERS uses only those colleagues who are perfectly suited to the respective client, both professionally and personally, and with whom long-standing contacts already exist.
The knowledge of our clients, their business and the industries and markets in which they operate is the basis for generating added value for our clients. We share this knowledge with our global cooperation partners and thus offer modern, integrated and global consulting at the highest level.
Our clients include leading private equity firms, venture capital funds, investment banks and companies across a range of industry sectors, including healthcare, services, consumer products, software & technology, ITC & TMT, SAS, e-commerce and digital entertainment.