Morrison & Foerster advised Six Waves Inc., a leading global publisher of mobile games based in Hong Kong (“Six Waves”), on its acquisition by Stillfront Group AB (publ), a Sweden-based powerhouse of gaming studios listed on Nasdaq Stockholm (stock code: SF.ST) (“Stillfront”). The US$201 million consideration for the sale included cash and shares of Stillfront, with the potential for additional contingent cash and shares of Stillfront based on achievement of certain conditions after closing.
Six Waves was founded in Hong Kong in 2008, and is one of the top mobile game publishers in tier one markets like Japan, US, Hong Kong and Taiwan.
The Morrison & Foerster team was led by Hong Kong partner Thomas Chou, co-chair of the Asia Private Equity practice. Key members included Hong Kong Private Equity and M&A associates Julia Lee, Katrina Tsoi, and Grace Fung, and trainee solicitor Ferdinand Loo.
Read the press release for the transaction.