SSW Pragmatic Solutions has advised BoomBit on its sale of a part of its shareholding in SuperScale to British venture capital fund Level-Up. Dentons advised Level-Up on the deal while B2RLaw, working with London's Fieldfisher and Bratislava's Dagital Legal law firms, advised SuperScale and its founder Ivan Trancik.
As a result of this transaction, which included an increase in SuperScale's share capital, BoomBit’s stake in SuperScale was reduced to 20.4%.
BoomBit S.A. is an international producer and publisher of mobile games. It produces free-to-play games for iOS, Android, and Nintendo Switch.
Level-Up is a venture capital fund specializing in mobile games.
According to SSW, “Level-Up will provide SuperScale with financing in relation to its future development plans, particularly, in the United States. The transaction will also enable SuperScale to access mobile game producers and publishers around the world. SuperScale will also benefit from the synergies between it and the other companies in the Level-Up portfolio.”
"As a result of the transaction, SuperScale will issue 712 new preferred shares with a nominal value of PLN 50 each, which will be offered for subscription and subscribed for by Level-Up First S.ar.l. and other minority investors," B2RLaw reports. "The transaction also included the drafting and negotiation of a share purchase agreement, pursuant to which SuperScale sold to investors jointly 150 shares in SuperScale for the price of EUR 3,150.07 for each share."
SSW Pragmatic Solutions’ team included Partner Szymon Okon, Senior Associate Tomasz Kwasniewski, and Associates Dawid Brudzisz, Dawid Malinowski, and Damian Staszewski.
B2RLaw's team included Partners Aleksandra Polak, Szymon Syp, Przemyslaw Krzemieniecki, and Marcin Huczkowski, Senior Associates Iga Wojtczak-Opala and Piotr Leonarski, Associates Krystyna Jakubowska and Teresa Pilecka, and Junior Associate Martyna Szpakowska.
Dentons' team included Michal Kordaczuk, the head of the firm's Poland Venture Technology practice, Managing Counsel Inga Dulska, and Paralegal Dagmara Przybytniowska.
Dagital Legal's team was led by Attorney Jakub Berthoty.
Fieldfisher's team was led by Partner Brian Chadwick.
Editor's Note: This article originally inaccurately reported that B2RLaw, Fieldfisher, and Dagital had advised BoomBit on the deal.