Revera has advised My.Games on its investments in Belarusian game development studios Mamboo Games, Appyfurious, and Purple Games.
According to Revera, “My.Games is an international game brand and part of Mail.ru Group, the leader of the Eastern European online entertainment market. The company has 11 offices in Russia, Europe, the USA, and Asian countries, more than 1,800 employees, and 13 in-house development studios. [The company] develops games for PC, consoles, and mobile devices.” According to the firm, “as a result of all three transactions, the investor acquired a minority ownership interest in the company’s charter capital with an option to acquire a controlling interest. All three transactions were structured under Belarusian law. This was possible due to the fact that all three studios are residents of the Belarus Hi-Tech Park.”
The Belarus Hi-Tech Park is a tax and legal regime in Belarus, which provides a special environment for the development of IT business. Under the HTP regime, its residents have a right to execute convertible loan agreements, option agreements, and shareholders’ agreements governed under foreign law.
Revera’s team included Senior Associate Artem Handriko and Associate Alena Potorskaya.
