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Fieldfisher advises SuperScale on multi-party VC transaction

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The European law firm assisted the games industry service company, which works with some of the best mobile games companies in the world, on a complex transaction conducted under Polish law.

European law firm Fieldfisher has closed a multi-party venture capital transaction for games industry service company, SuperScale sro, involving a significant investment from Level-Up First S.àr.l., a leading Luxembourg VC fund specialising in mobile games companies.

The transaction was conducted under Polish law in collaboration with Warsaw-based B2RLaw, which represented SuperScale Poland and SuperScale’s founder and CEO, Ivan Trančik, on the investment from Level-Up and related matters, as well as a number of international angel investors into SuperScale.

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Before the transaction, Ivan Trančik and BoomBit (a software publisher listed on the Warsaw Stock Exchange) held 100% of shares in SuperScale, a Polish company financing the operations of its 100% owned Slovakian subsidiary.

SuperScale is a fast growing video and computer games market consultancy with a growing portfolio of international clients. The company specialises in providing services related to mobile game business analytics, game design consulting, and mobile game user acquisition, with creative production services.

With support from Fieldfisher, which provided crucial industry and commercial expertise, B2R took a leading role in the transaction, negotiating the investment from Level-Up and angel investors into SuperScale; advising on restructuring of debt, and the sale of part of BoomBit’s shares. It also advised in respect to the new shareholders’ agreement with the new lead investors, the current shareholder (BoomBit) and minor co-investors.

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.àr.l. and other minority investors. 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 at a price of €3,150.07 per share.

B2RLaw worked closely with the team from Fieldfisher’s London office, led by corporate partner Brian Chadwick, a leading expert in the international games sector

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Commenting on the deal, Fieldfisher partner Brian Chadwick said:

We were delighted to work with the brilliant team at B2R and lead the client and investor relationship aspects of this deal, providing crucial industry and commercial expertise along the way.

Together, we delivered a combination of legal, commercial and industry expertise distinguishing us for our unique ability to support Polish/CEE games companies locally and internationally and connect local companies with international counterparts and investors.

The mobile gaming industry and the surrounding service sector continues to be a strong growth area in Europe and globally and we look forward to closing further deals for clients in this exciting market.”

B2R’s team was led by partner Aleksandra Polak, supported by partners Szymon Syp, PhD and Przemysław Krzemieniecki; senior associates Iga Wojtczak-Opala and Piotr Leonarski; associates Krystyna Jakubowska and Teresa Pilecka; and junior Associate Martyna Szpakowska.

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Slovak aspects of the transaction were managed by Jakub Berthoty from Digital Legal in Bratislava.

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Sleeper joins forces with Birches Health for Responsible Gaming Education Resources and Care

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Sleeper, an industry leader in fantasy sports, has formed a partnership with Birches Health, a behavioral healthcare company that specializes in the prevention and treatment of problem gambling.

Together, Sleeper and Birches Health are developing custom Responsible Gaming educational resources and creating streamlined care pathways for individuals facing related behavioral challenges. The partnership focuses on ensuring clinically validated treatment and resources are accessible to all. The announcement comes during Responsible Gaming Education Month, held every September to promote consumer education.

“This partnership with Birches Health highlights our commitment to providing effective support for any of our users who may need it,” said Matt Hagerty, Sleeper’s Senior Legal Counsel. “The wellbeing of the Sleeper community will continue to be a priority as we grow into the future.”

“Sleeper’s focus on ensuring access to resources and clinical treatment is a significant investment in player health,” said Elliott Rapaport, Founder of Birches Health. “Their commitment to a sustainable user experience in fantasy sports is crucial to a collaborative and vital ecosystem that securely and swiftly connects those in need with the proper resources.”

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Sleeper is a fantasy sports app focused on bringing people together. Known for its free fantasy leagues (NFL, NBA, Premier League, etc.), Sleeper also offers a variety of other products to its millions of users, including DFS contests, free Pick’em/Survivor games, media content, score updates, and more, all connected through chat and other social features.

Birches Health is a modern digital healthcare company that offers clinician-led resources and care services for behavioral addictions, focusing primarily on gambling and gaming disorders. Deploying a three-tiered strategic approach centered on education, engagement and treatment, Birches Health provides free online learning modules, self-assessments, tools and educational content to help prevent problem gaming behaviors. Birches also offers personalized treatment plans crafted by licensed, specialized clinicians for individuals in need.

For more information about Sleeper, visit sleeper.com or follow the conversation on Twitter and on Instagram.

To learn more about Birches Health, access online educational and assessment resources or explore treatment options, visit BirchesHealth.com, email [email protected] or call (833) 483-3838.

 

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Kindred Group extend six-year Middlesbrough FC partnership and cements long-term community commitment to supporters

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The Kindred Group will remain as Middlesbrough Principal front-of-shirt partner for another two years in a move that will significantly strengthen the club’s outreach work in the local community.

Kindred have partnered with Middlesbrough since 2018 – meaning the partnership will be nearly a decade old by the end of the latest deal, making it one of the most successful and long-running in British football.

Significantly, the partnership will continue to fund Middlesbrough FC Foundation’s (MFCF) delivery of Team Talk – a men’s mental health initiative. The Team Talk platform uses the local club and its players, manager and staff as a mechanism to engage with men about their mental well-being.

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The logo of gambling operator Unibet adorns first team shirts in what is another record-breaking partnership for the club. “Zero% Mission”, which is Kindred’s Responsible Gambling message, appears on this season’s shirts.

Kindred have also pledged to donate a percentage of their hospitality and merchandising rights to supporters via competitions and giveaways.

Further, Kindred will donate front-of-shirt sponsorship space to MFC through the season – allowing for the promotion of the club’s charitable initiatives.

MFC Foundation works to raise aspirations and improve the life chances of young people and adults across Teesside. Its work is supported and funded, in part, by the club’s commercial partners, including Kindred Group.

Kindred has always played a central role in the club’s ‘Foundation Weekend’. This forms part of an initiative to highlight the Foundation’s life-changing work for participants of all ages in the local community, as well as how people in the area can access its projects and services.

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Sam Mead, UK General Manager, Kindred Group, said: “Kindred’s relationship with Middlesbrough is one of football’s longest running and impactful, so far as community outreach is concerned. That is why we were committed to extending the partnership for another two years.

“We recognise that we are in the privileged position to positively influence clubs and their communities – a responsibility we take seriously. That’s why the basis of this latest partnership will be to help showcase the MFC Foundation’s wide-ranging work, including the men’s mental health initiative Team Talk.”

Liam McGuinness, Head of Commercial, Middlesbrough FC, said: “Everyone at the club is absolutely delighted to extend our partnership with the Kindred Group for another two years. Most importantly, we’d like to thank them for continuing their vital support of the club’s Foundation – especially through the Team Talk mental health initiative.

“The health and wellbeing of our local community is very important to ourselves and Kindred. We are all looking forward to the opportunity to continue driving forward new initiatives that will benefit both our supporters and the people of Teesside”.

The post Kindred Group extend six-year Middlesbrough FC partnership and cements long-term community commitment to supporters appeared first on European Gaming Industry News.

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Crazy Time Italia – the latest landmark launch for Evolution’s #1 live game show

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Evolution today announced the launch of Crazy Time Italia, the very first native-speaking version of the world’s #1 live game show.

Now streaming live from Evolution’s state-of-the-art studio in Malta, Crazy Time Italia is presented by native-speaking Italian game hosts and is available immediately from Italian market operators.

Crazy Time has been a global hit since launching in 2020 serving millions of players. Having taken the online gambling world by storm, Crazy Time has grown to be the biggest live casino table in the world.

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The entertaining, all-action gameplay revolves around a main game and four interactive bonus games that offer players the chance to reach a staggering 20,000x multiplier!

Crazy Time’s main game features a two-reel Top Slot that spins together with a money wheel. Four varied and engaging bonus games — Cash Hunt, Pachinko, Coin Flip and Crazy Time — add to the excitement with unique features such as a shooting gallery, a coin flip, and a puck drop. Finally, players gain entry through the red door into a crazy and fun virtual world with a gigantic virtual money wheel.

The bonus games and multipliers certainly ramp up the excitement to amazing levels. In July this year, Evolution reported that Crazy Time had paid out its largest win ever. Thanks to an incredible 10,000x multiplier on the Pachinko Bonus game the total payout reached an astonishing €34.5 million, with multiple players sharing that amount.

Gionata La Torre, Evolution CEO for Europe, said: “Crazy Time Italia is another landmark in the Crazy Time success story. Time after time, Evolution’s ‘localised’ online casino games and games shows —hosted by professional, highly trained, native-speaking dealers and presenters — have been proven to maximise player engagement, session times, return visits and long-term loyalty.”

He added: “Players feel even more at home with game presenters speaking and reacting to developments in the gameplay in their native tongue — cultural nuances are shared and a great rapport is struck up between and amongst the presenter and players. We are confident that Crazy Time Italia is going to be yet another big success for our local operators in Italy and a huge draw for their players.”

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