DLA Piper has advised the Swedish company, Stillfront Group AB, on its acquisition of Hamburg-based Goodgame Studios. Stillfront entered into an agreement with the owners of Altigi GmbH to acquire 100 percent of the shares in Altigi GmbH for a consideration of EUR 270 million.

Altigi is the owner of the leading free-to-play online games developer Goodgame Studios, and following the Transaction, the owners of Altigi will hold approx. 36.5 percent of the outstanding shares and votes in Stillfront. The Transaction is conditional upon, inter alia, approval by the Extraordinary General Meeting in Stillfront.

The Transaction is in line with Stillfront’s communicated strategy to actively identify, evaluate and acquire interesting gaming companies within the mobile and browser strategy genre. As both companies are active within the same game genre, by focussing mainly on free to-play strategy games, Stillfront aims to strengthen its market position and game portfolio.

Stillfront Group is active within three gaming segments; the PC/console segment, the mobile games segment, and the browser games segment, with focus on free to-play strategy games on mobiles and browsers. The Company owns semi-autonomous game studios with global reach on multiple platforms, with operations in Sweden, Germany, Malta, the US, the UAE, Jordan and Romania.

The DLA Piper international team was led by Hamburg-based Corporate partner Dr Nils Krause, and Stockholm-based Corporate partners Peter Ihrfelt and Peder Grandinson, assisted by Hamburg-based Employment partner Dr Kai Bodenstedt and Frankfurt-based partners Dr Burkhard Fuehrmeyer, IPT, and Dr Torsten Pokropp, Finance & Projects. Counsel aide was given by Frankfurt-based Christian Lonquich, Real Estate, and Hamburg-based Dr Annemarie Bloss, IPT. Cologne-based senior associate Dr Stephanie Reuvers, IPT, and Frankfurt-based senior associates Moritz Schönpflug, IPT, and Marc Kirchner, Finance & Projects, additionally supported on the deal, alongside Hamburg-based associates Florian Jeske, Employment, Linn Wotka, IPT, Jasper von Georg and Ronja Hecker, both Corporate, Frankfurt-based associate Julian Jung, Real Estate, Munich-based associate Christian Lindner, Corporate, as well as Frankfurt-based Real Estate transaction lawyer Konstantin Decker-Horz, and a Stockholm Finance & Projects team, comprising of partner Carl Schwieler, senior associate Joséphine Tessmarand and associate Tim Hagberg (all Finance & Projects), and senior associate Anna Berntorp (Corporate).