Osborne Clarke has advised the founders of Playa Games GmbH on the sale of 100% of its shares to Stillfront Group AB (publ).
Hamburg-based Playa Games is one of Germany's leading casual strategy game developers and publishers with five released games and approx. 70 million registered players. The company's flagship title is Shakes & Fidget, a cartoon style massive multiplayer online role-playing game (MMORPG). The strategy game is published on both browser and mobile platforms.
The company generated net revenue of approximately EUR 7.7 million, with approx. 55% in EBIT margin for the period January-September 2018. Playa Games was founded in 2009 by Jan Beuck and Martin Jässing, the sole direct and indirect owners, both of whom will remain active as the key management team of the company going forward.
Widely recognised as a leading European law firm for interactive entertainment, an international Osborne Clarke team led by M&A and Venture Capital Partner Robin Eyben advised the founders of Playa Games on this transaction. The team included Alexandra Nautsch (Corporate/M&A/VC), Mikael Moreira, Ian Slettengren und Kim Bergman (all Corporate/M&A/Sweden), Konstantin Ewald (IP/IT/Data Protection), Joachim Breithaupt, Florian Merkle (both Tax), Dr. Sebastian Hack (Antitrust) and Katharina Müller (Employment).
