Frankfurt am Main, 24 March 2020
SKYE PARTNERS has provided legal advice to Phoenix Games Holding GmbH (“Phoenix Games“) on the acquisition of all shares in Studio Firefly SRL (“Firefly“), a limited liability company under the laws of Romania. The parties have agreed not to disclose the terms of the transaction.
Firefly is a development studio specializing in live ops of free-to-play games that extends the lifecycle of existing games and improves commercial performance. Furthermore, Firefly offers development services and expansion to new platforms.
Founded in 2019 as a specialist investor in mobile games and digital entertainment, Phoenix Games acts as a holding company for games-companies in the free-to-play area. Leveraging synergies between its affiliates, Phoenix Games develops a rapidly growing portfolio of investments and games.
The acquisition of Firefly was the third direct investment for Phoenix Games. The acquisition of such skilled live-ops studio is an extremely valuable addition and component in the Phoenix family.
The advisory team of SKYE PARTNERS, which is specialized in Private Equity and Venture Capital transactions, has advised Phoenix Games on the legal issues required for the transaction, due diligence, SPA negotiations and the execution of the transaction.
Advisors to Phoenix Games:
SKYE PARTNERS, Frankfurt a.M.: Christoph O. Breithaupt (lead), Holger Scheer, Jana Kalbfleisch, Julia Rosigkeit, Sandra Brieske (all M&A/Private Equity), Cristina Daianu, Argentina Rafail (both Dentons Bucharest – Romanian Law).
Christoph Breithaupt – SKYE PARTNERS
Tel: +49 69 99999 3800
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de)
is active since 1 February 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.