Frankfurt am Main, 28 March 2019
SKYE PARTNERS has provided legal advice to Phoenix Games Holding GmbH (“Phoenix Games“) on the acquisition of all shares in Well Played Games Limited (“Well Played Games“) with its seat in Warwick, UK. The parties have agreed not to disclose the terms of the transaction.
Well Played Games is a UK-based developer studio that develops both traditional console games and free-to-play games for mobile devices (including the game Citadel Combat Cards). Well Played Games works for well-known publishers worldwide, such as EA, BBC, Rovio, Codemasters, Apple and Google.
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 Well Played Games was the first direct investment in a UK-based developer 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. For the local implementation of the transaction, SKYE PARTNERS worked with the proven cooperation with Proskauer Rose, London.
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), Bettina Carr-Allinson (BCALaw – Commercial, IT/IP), Jutta Schneider (Tax);
Proskauer Rose, London: Richard Bull, Thomas Wood (both M&A/Private Equity).
Advisors to the Sellers:
SHERIDANS, London: Nick Crabtree (Corporate/Venture);
Schnittker Möllmann Partners, Berlin: Dr. Benjamin Ullrich, Dr. Adrian Haase (both Corporate/M&A).
Christoph Breithaupt – SKYE PARTNERS
Tel: +49 69 99999 3800
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de)
is active since February 2018 as a transaction law firm, specialized in corporate law, venture capital, private equity and mergers and acquisitions. With more than 25 years of international experience in corporate transactions, we use state-of-the-art software technology to form and coordinate customized teams for complex transactions. Thereby, SKYE PARTNERS already has 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. With most of our cooperation-partners, we have long-standing contacts and therefore can vouch for quality.
SKYE PARTNERS deploys colleagues that are perfectly suited for the respective client – with regard to professional as well as personal matters – and thereby forms the best possible team for the respective mandate.
Identification with our clients, their business and the industries and markets in which they operate, is our basis for a true added value within our legal advice. We share this values with our global cooperation partners and thus offer modern, integrated and global legal advisory 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.