Trilegal for Sweden’s Stillfront, AZB for Tiger + SAM, DLA on Swedish buy of Bgl gaming studio Moonfrog for $90m

Thursday, 4 February 2021 By Legally India Corporate M&A

Trilegal advised Swedish gaming studio Stillfront led by a TMT team of partner Nikhil Narendran, senior associate Jishnu Sanyal, associate Aparajita Lath, associate Krati Hashwani, associate Cheta Sheth, with corporate team partner Clarence Anthony

Sweden-based free-to-play gaming studios Stillfront Group, on Tuesday (February 2), announced that it will acquire Bengaluru-based Moonfrog Labs Private Limited, the company behind popular games like Teen Patti Gold, Ludo Club, Rummy Gold and others.

— Inc42

Trilegal advised Swedish gaming studio Stillfront led by a TMT team of partner Nikhil Narendran, senior associate Jishnu Sanyal, associate Aparajita Lath, associate Krati Hashwani, associate Cheta Sheth, with corporate team partner Clarence Anthony, associate Nidhi Singla, associate Aditya Ravishankar, employment and labour team partner Swarnima, associate Sachin Arora, associate Pragya Goyal, and counsel Komal Dani and partner Samsuddha Majumdar and associate Hardeep Singh Chawla from a tax perspective.

AZB & Partners advised Internet Fund III Pte Ltd, an affiliate of Tiger Global Management led by a team of partners Ashwath Rau, Nanditha Gopal and Aditya Singh Chandel, and senior associate Gautam Rego.

Shardul Amarchand Mangaldas was also a domestic legal advisor.

DLA Piper also advised.

Dhruva Advisors and PwC were tax advisors to the sellers in connection with the transaction.

Carnegie Investment Bank and Oakvale Capital were financial advisors.

EY was financial and tax due diligence advisor to Stillfront in connection with the transaction.

2021-02-01

Deal value: $90m

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TrilegalAZB & PartnersShardul Amarchand MangaldasDLA Piper

Comments

Gajab 4 Feb 2021, 16:30
+15 -8
Trilegal ko kaam nahi mil raha hai kya? Aise relatively uncomplicated deal ke liye 12 people. Waah.
Notreally 5 Feb 2021, 11:08
+18 -8
Okay, to aapki takleef kya hai?

Would you rather have 3-4 associates die on the dd and deal or have a well spread out/multipractice team do it? Assuming the latter was the case, i would think it wouldve better for both the firm and the client. Most of all - atleast the associates were not as overburdened (atleast you can assume so).

This mob mentality of yours is the reason why associates are too stressed out. Try and look past the 2 liner article that this is and then maybe you may appreciate the dynamics which (may) have been involved.

I for one find this deal amusing given that a foreign studio is acquiring an indian gaming studio (who wouldve thought!). And no, I do NOT work at TL. Its just the smug knowitall tone of yours that ticked me off.
TL 5 Feb 2021, 15:32
+11 -2
Its called "milking it" ....as in milking the swede cow given the (probably) high hourly $ rates :) .... whynot?
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