Global law firm Norton Rose Fulbright has advised MTG's blockchain-focused portfolio company Kongregate on its acquisition of Chilean development studio Gamaga.
Founded in 2009, Gamaga is one of the leading independent video game companies in Chile. The company has an experienced development team and has worked with established brands such as Sony, Div3rsion and iEntertainment Network on several successful games.
Kongregate's acquisition will allow it to build on an already well-established, close relationship with a partner in NFT and blockchain gaming, and accelerate its strategy as an NFT gaming pioneer. Going forward, Kongregate will leverage 100% of the acquired developer capacity to advance its blockchain projects.
The Norton Rose Fulbright team was led by and Frankfurt partner Nils Rahlf and included partner Alberta Yan (Corporate/M&A, New York), counsel Dr. Malte Ingwersen (Corporate/M&A, Hamburg) and senior associate Ryan L. Waggoner (Corporate/M&A, New York).
Federico Grebe (Lead Partner), Macarena Fuchs (Corporate/M&A), Aref Cosma (Employment), Guillermo Infante (Tax), Ariel Castillo (Tax) from Philippi Prietocarrizosa Ferrero DU & Uría in Chile acted as local counsel.
Norton Rose Fulbright has previously advised MTG on its acquisition of shares in InnoGames GmbH (InnoGames) and on the acquisition of Hutch Games Ltd (Hutch), as well as on the sale of ESL Gaming to Savvy Gaming Group (SGG).