Kambourov & Partners has advised the Stillfront Group on its EUR 10 million acquisition of 100% of the shares in Imperia Online JSC. The acquisition is expected to close in early October 2018.
According to Nasdaq, EUR 5 million is payable in cash, and the remaining EUR 5 million is payable in 269,412 newly issued shares in Stillfront.
"Imperia Online fits perfectly into Stillfront's growth strategy by broadening our portfolio of studios and games with characteristics that drive long term gamer relations,” said Stillfront CEO Jorgen Larsson.
Sofia-based Imperia Online is a game developer and publisher focused on long term gamer relations. The company was founded in 2009 by Dobroslav Dimitrov and Moni Dochev. Altogether there are nine sellers - all of whom will remain active as the key management team of the company going forward.
Stillfront is an independent creator, publisher, and distributor of digital games. The company operates through six near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutrionics in the US, and Babil Games in the UAE and Jordan.
The Kambourov & Partners team was led by Partner Veronika Hadjieva.
Kambourov & Partners says further information about the deal is confidential.