Stillfront, a Swedish gaming studio, has acquired 100% shares of Moonfrog Labs Private Limited, an India-based mobile gaming player..The transaction involves the initial acquisition of 91% of the shares in Moonfrog, completion of which is expected to occur on February 26, 2021. .Upon completion, USD 90 million on a cash and debt-free basis will be paid in cash to the sellers as the Initial Consideration. The remaining 9% of the shares in Moonfrog are acquired through the Deferred Tranches..Trilegal and DLA Piper acted for Stillfront. Three teams from Trilegal worked on the deal..The TMT team included Partner Nikhil Narendran along with Senior Associate Jishnu Sanyal and Associates Aparajita Lath, Krati Hashwani and Cheta Sheth..The Corporate law team was led by Partner Clarence Anthony along with Associates Nidhi Singla and Aditya Ravishankar..The Employment and Labour law team included Partner Swarnima with Associates Sachin Arora and Pragya Goyal..Shardul Amarchand Mangaldas & Co and AZB & Partners acted as legal advisors to the sellers.
Stillfront, a Swedish gaming studio, has acquired 100% shares of Moonfrog Labs Private Limited, an India-based mobile gaming player..The transaction involves the initial acquisition of 91% of the shares in Moonfrog, completion of which is expected to occur on February 26, 2021. .Upon completion, USD 90 million on a cash and debt-free basis will be paid in cash to the sellers as the Initial Consideration. The remaining 9% of the shares in Moonfrog are acquired through the Deferred Tranches..Trilegal and DLA Piper acted for Stillfront. Three teams from Trilegal worked on the deal..The TMT team included Partner Nikhil Narendran along with Senior Associate Jishnu Sanyal and Associates Aparajita Lath, Krati Hashwani and Cheta Sheth..The Corporate law team was led by Partner Clarence Anthony along with Associates Nidhi Singla and Aditya Ravishankar..The Employment and Labour law team included Partner Swarnima with Associates Sachin Arora and Pragya Goyal..Shardul Amarchand Mangaldas & Co and AZB & Partners acted as legal advisors to the sellers.
