case / 08 Dec 2017

Setterwalls assisted Altigi GmbH and its sellers in connection with Stillfront’s acquisition of Goodgames

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Setterwalls assisted Altigi GmbH and its sellers in connection with Stillfront Group AB’s acquisition of the German gaming company Goodgame Studios for the purchase price EUR 270 million.

Stillfront Group AB (publ) has entered into an agreement with the owners of Altigi GmbH to acquire 100 percent of the shares in Altigi GmbH for the purchase price EUR 270 million. Altigi is the owner of Goodgame Studios, which is one of the leading game developers in free-to-play games. Altigi will, after the transaction, own approximately 36.5 percent of the outstanding shares in Stillfront and the founders of Goodgame Studios will be the largest shareholders in Stillfront Group AB. Goodgame Studios is one of the leading game developers in free-to-play games. Stillfront is a group of independent developers, publishers and distributors of digital games with the vision to become the leading group of indie-game developers and publishers. The group’s games are distributed globally, with main markets in France, UK, Germany, USA and MENA. Stillfront is listed on Nasdaq First North Premier. The transaction is inter alia conditioned upon approval by Stillfront’s extraordinary shareholder’s meeting, for which a separate press release will be published today. Setterwalls and Taylor Wessing were legal advisors to Altigi GmbH and their sellers in connection with the transaction.

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