Frankfurt am Main, 16 January 2020
SKYE PARTNERS has provided legal advice to Phoenix Games Holding GmbH (“Phoenix Games“) on the acquisition of all shares in the companies
- Promotion Software GmbH,
- Pallas Athena Immersive Virtual Systems GmbH and
- Sixteen Tons Entertainment GmbH
(“Company Group“), all with seat in Tübingen, Germany. The parties have agreed not to disclose the terms of the transaction.
The Company Group develops and sells software, especially for educational/learning and training purposes in the field of Serious Gaming, i.e. the globally successful EMERGENCY-series. Products of the Company Group are computer games and other software products for online as well as offline 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 the Company Group was the first direct investment in the field of Serious Gaming for Phoenix Games.
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), Dr. Michael Witteler (Pusch Wahlig Workplace Law – Labor Law), Dr. Christian Rauda (GRAEF Rechtsanwälte – Commercial, IT/IP), Dr. Christoph Herrmann (v. Einem & Partner – Procurement Law), Jutta Schneider (Tax).
Christoph Breithaupt – 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 600 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.