Selih & Partnerji, working alongside lead counsel Clifford Chance, has advised a group of Asian investors represented by United Luck Group Holdings Limited (led by Chinese businessman Ou Yaping), on their USD 1 billion acquisition of Outfit7 Investments Ltd., the app producing company established by Slovenians Iza and Samo Login, which is best known for its globally successful app Talking Tom and Friends. Taylor Wessing advised the sellers on the deal.
Founded in 2009 and based in Cyprus with operations in Slovenia, the UK, and China, Outfit7 boasts over five billion app downloads. It generated EUR 108 million in group revenue in 2015 (up from EUR 79 million in 2014) and EUR 80 million in net profit (up from EUR 60 million in 2014) and paid out EUR 74 million in dividends.
According to media reports, the USD 1 billion price tag makes this the single biggest transaction ever for a Slovenian company or a company founded by Slovenians.
The Selih & Partnerji team was led by Partners Natasa Pipan Nahtigal and Tilen Terlep.
The London-based Taylor Wessing team was led by Corporate Technology Partner Mike Turner, supported by Associates Adam Griffiths and Katie Kaplucha.
Image Source: outfit7.com