Sale of controlling stake in 1C entertainment TENCENT group

1C Entertainment group (new name – Fulqrum), incorporated in Warsaw, together with its European subsidiary studios is the developer and publisher of more than 100 video games, including such world-famous titles as “IL-2” and “Men of War”.

 KIAP accompanied the sellers at all stages of the transaction, including:

  • negotiations on the terms of the deal (multi-hour rounds of negotiations with participants from 5 time zones);
  • development of discrepancy reports;
  • preparation of draft transaction documents on the sellers’ side, including the shareholders agreement;
  • preparation of documents for corporate approval and closing of the deal as well as agreements with management;
  • support on disclosure letter issues;
  • coordination of Cypriot and Polish lawyers involved in the closing of the deal.

A special feature of the project was the need to legally protect the interests and motivation of the remaining management of the group.
As a result of the transaction, the company got the chance to become a reliable international partner through the investments and efforts of a major players in IT-sector and to take its game portfolio and future projects to the next level.

Press releases:

1)https://www.gamedeveloper.com/business/tencent-acquires-polish-development-group-1c-entertainment

2)https://vc.ru/services/371120-tencent-kupila-izdatelstvo-igr-1c-entertainment

Участники:

Anton Samokhvalov, Roman Suslov, Nikita Lutskiy