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We have advised games studio The Parasight on acquiring a strategic investor from China.
Piotr Jackowski, Senior Associate in the Capital Markets and Financial Institutions Practice, assisted by Filip Lisak, have advised Krakow-based games studio The Parasight on acquiring a strategic investor.
Our client is a rapidly growing team of developers who have been creating games based on fairy tales and legends for two years. Back in 2021, The Parasight announced their intention to debut on NewConnect, but the share purchase agreement just signed has changed their plans.
The purchaser of the minority stake in the studio is Tencent, one of the world's largest technology and investment companies. This Chinese company has recently been very active on the European takeover market, having invested in, inter alia, the Krakow-based Bloober Team studio. It also holds shares in some of the most recognisable brands in the gaming industry.
The agreement signed in January will ensure our client's long-term development and the expansion of a strong development team.
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