Frankfurt am Main, August, 24 2021
SKYE PARTNERS has advised Keen Games Production GmbH (“Keen Games“) in connection with the Series B Financing, capital increase and issuance of new shares to Hiro Capital, London. In this context, Hiro Capital acted as lead investor together with other institutional investors. The parties have agreed not to disclose the details of the financing round.
Keen Games, founded in 2005 and based in Frankfurt am Main, specializes in the development of video games for state-of-the-art console hardware and currently employs around 60 people. With 18 years of experience in the gaming industry, Keen Games is one of the most established developers of video console games in Germany. In the recent past, Keen Games gained media recognition, not least through the award of the German Computer Game Prize 2017 in the category Best German Game for the video game “Portal Knights“, which was sold over 3.5 mio. times.
The investment amount is now to be invested in the further development of the studio and in the development of a new game and also to enable Keen Games to market and publish games on their own without the involvement of external publishers.
Hiro Capital is a venture capital investor specializing in technology, gaming, digital sports and esports based in London and Luxembourg, which invests primarily in Series A and B financing rounds. With the investment in Keen Games, Hiro Capital is expanding its portfolio on the European mainland.
The advisory team of SKYE, which specializes in private equity and venture capital transactions, advised Keen Games on the legal issues required during the financing round and on the other aspects in regard of the entry of Hiro Capital.
Advisors to Keen Games:
SKYE PARTNERS, Frankfurt am Main: Julia Rosigkeit (Lead), Holger Scheer, Sandra Brieske and Lisa Schulte (all Venture Capital/Private Equity), Carsten Brachmann, Hendrik Muschal (Fellaws, Berlin – Labour/Employment), Bettina Carr-Alinson (BCA-Law, Frankfurt – IP/IT Law), Jutta Schneider (Tax).
Advisors to Hiro Capital
CMS Hasche Sigle, Berlin: Dr. Jörg Zätzsch, Dr. Friedrich von Spee (all Corporate / VC)
Advisors to other Investors
Baker McKenzie, Frankfurt am Main: Dr. Peter Wand, Rouven Reuter (Corporate)
Julia Rosigkeit – SKYE PARTNERS
Tel: +49 69 9999938-33
Über 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.