case / 08 Oct 2020

Setterwalls has advised Thunderful Group AB in its acquisition of the British games development studio Coatsink Software Ltd

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Setterwalls has advised Thunderful Group AB (“Thunderful”) in its acquisition of 100 percent of the British development studio Coatsink Software Ltd (“Coatsink”) for an upfront consideration of GBP 23 million plus an earn-out component potentially resulting in a maximal total consideration of GBP 65.5 million. Following the transaction, co-founders and several key employees of Coatsink will become shareholders in Thunderful.

Setterwalls team included Anders Holmgren, William Sanderson, Robin Sundin, Hanna Rhodin

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