Fenwick & West represented Supercell Oy, the Finland-based developer of mobile games, including “Clash of Clans”, "Clash Royale" and "Boom Beach", in its $8.6 billion majority stake acquisition by Tencent Holdings Limited, one of China’s largest and most used Internet portals. Under the terms of a conditional share purchase agreement, the seller will initially acquire Supercell securities accounting for a total of up to about 84.3% of Supercell securities in a transaction valuing the company at an equity value of approximately $10.2 billion. The deal is expected to close in the third quarter of 2016 and is subject to customary regulatory approvals and closing conditions.
More information about Supercell’s acquisition by Tencent can be obtained from the company announcement.
The Fenwick transaction team was led by corporate lawyers Mark Stevens, Greg Roussel, Stephen Fisher, Priscila Bastazin, Brian Kelly, Maureen Montgomery, Amanda Baratz and Jeremy O’Hanlon; executive compensation and employee benefits lawyers Shawn Lampron, Marshall Mort and Hans Anderson; technology transactions lawyers Stephen Gillespie and Michael Riskin; antitrust lawyers Mark Ostrau and Ashley Walter; and tax lawyers David Forst and Michael Knobler.
The Fenwick team worked closely with White & Case's team in Helsinki, Finland on the transaction.