case | 08 Sep 2021
Setterwalls has assisted Thunderful Group in connection with the acquisition of the Spanish game development studio Stage Clear Studios S.L.
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Setterwalls has assisted Thunderful Group (“Thunderful”) in connection with the acquisition of Stage Clear Studios S.L., a well-established game development studio engaged primarily in the development of games for PC and consoles.
Thunderful pays an initial consideration of EUR 1.0 million on a cash- and debt-free basis, whereof EUR 0.6 million are paid in cash and EUR 0.4 million are paid by set-off with new issued shares in Thunderful. In addition to the initial consideration, an additional earn-out component of maximum EUR 1.5 million may be paid out in cash. The total maximum consideration for the transaction is EUR 2.5 million.
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