DTB has advised US-based Devolver Digital on its acquisition of 100% of the shares of Croatian independent game development company Croteam. Krehic & Partners in cooperation with Deloitte Legal advised Croteam on the deal.
Financial details of the transaction were not disclosed.
Croteam started in 1992 and focuses on the development of video games. The company currently employs 40 people and is known for its successful games Serious Sam and the Talos Principle. Its acquisition by Devolver Digital, which was completed on October 19, 2020, is Devolver Digital’s first acquisition in Europe.”
In another recent deal involving Croatia’s gaming industry, DTB recently assisted Playrix on its acquisition of Cateia Games (as reported by CEE Legal Matters on July 9, 2020).
DTB’s team consisted of Senior Partner Damir Topic, Attorneys Dina Salapic, Olena Manuilenko, and Andrej Zmikic, and Associate Iva Vukoja.
The Krehic & Partners team was led by Partner Matea Gospic Plazina.