B2RLaw represented SuperScale Poland and Ivan Trančik in a multi-party venture capital transaction related to the investment of Level-Up First S.àr.l. (a Luxembourg venture capital fund) and a number of international angel investors into SuperScale. Before the transaction, Ivan Trančik and BoomBits (which is listed on Warsaw Stock Exchange) held 100% of shares in SuperScale, a Polish company financing the operations of its 100% owned Slovakian subsidiary. Ivan Trančik is also Founder and CEO of SuperScale in Poland and Slovakia. SuperScale is a fast growing video and computer games market consultancy with a growing portfolio of international clients. SuperScale, in particular, provides services related to mobile game business analytics, game design consulting, and mobile game user acquisition, with creative production services.
On behalf of SuperScale and Ivan Trančik, B2R took a leading role in respect to 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; as well as advising in respect to the new shareholders’ agreement with the new lead investors, the current shareholder (BoomBit) and minor co-investors. Negotiations were complex in view of the various party interests.
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 for the price of EUR 3,150.07 for each share.
In this transaction B2RLaw worked alongside the London Office of Fieldfisher which brought to the table valuable international expertise of the computer and video games industry demonstrating B2R’s capability to support Polish computer games companies locally and internationally. This also underlines B2R’s strong relationship with international and foreign law firms, and its capabilities in managing international transactions. This deal is in line with B2R’s objective of connecting Polish and CEE start-ups with international investors who bring not only capital, but support and know-how.
Corporate partner Brian Chadwick, who led the Fieldfisher team advising SuperScale, 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, who was supported by Partners Szymon Syp, PhD; Przemysław Krzemieniecki and Marcin Huczkowski; and Senior Associates Iga Wojtczak-Opala and Piotr Leonarski; Associates Krystyna Jakubowska and Teresa Pilecka; and Junior Associate Martyna Szpakowska. Fieldfisher’s team was led by Partner Brain Chadwick, one of the most renowned video and computer games experts globally. Slovak aspects of the transaction were managed by Jakub Berthoty from Digital Legal in Bratislava.
Leading Polish law firm B2RLaw has appointed Angelina Stokłosa as Counsel to establish a specialist Computer & Video Games practice, and as a key addition to its growing Capital Markets practice.
Angelina is one of a small handful of lawyers in Poland that has several years experience in advising companies in the computer and video games industry, ranging from small independent (indie) studios to larger established multinational companies. She has been associated with the video & computer games industry as a legal advisor since 2015. In 2015-2019 and again since 2020, she has led the in-house legal team at one of the first and largest computer games companies in Poland, listed on the Warsaw Stock Exchange – CI Games, S.A. She is also the Chairwoman of the Supervisory Board of United Label, S.A. – a publishing company for a premium indie games segment.
This in-house experience means that Angelina combines the technical expertise of an external adviser with the commercial understanding of an in-house lawyer.
In addition, for over ten years, Angelina has been advising public and private companies as well as public institutions, including providing ongoing legal services. She supports stock exchange issuers from the regulated market and Alternative Trading System in performing their information and notification obligations on the capital market. She has participated in proceedings before the Polish Financial Supervision Authority Office, the Polish Financial Supervision Authority, and in issuing processes (in the scope of shares and bonds, IPOs and SPOs), as well as carrying out public tender offers for shares, delisting proceedings, compulsory buy-out proceedings, the implementation and audits of implementation of MAR regulations by stock exchange issuers, corporate disputes and restructuring processes of companies.
Senior Partner Rafał Stroiński comments, “We welcome Angelina to the B2R team. B2R is a go-to firm for supporting Polish and international companies operating in innovative and advanced technology industries such as AI, Fintech, E-mobility and legal cannabis-based products and applications. It’s no secret that the video and computer games industry is leading the global charge for Poland, and as a firm we work with a number of companies that are involved in the sector. Angelina’s knowledge and understanding of the specifics of the industry, our existing transaction and regulatory team, and our best-friends relationship with the pre-eminent international advisors to the computer games industry and international investors in the sector means that no other firm in Poland or the wider CEE is so well equipped to support video and computer gaming companies. Angelina also adds considerable expertise to an already very strong Capital Markets practice consisting of four partners.”
B2RLaw is proud to be a partner of the CEE Startup Challenge where participants compete for the attention of investors, as well as a number of prizes, including a Q&A session with B2RLaw covering legal issues. Adam Piwakowski, a Partner at the Law Firm, will sit on the competition jury.
The Vestbee CEE Startup Challenge is one of the most important and largest online startup events in Central and Eastern Europe. It brings together startups from the ICT, AI, fintech, trade, transport and many other sectors, all seeking to attract the attention of investors and media.
For more details: https://vestbee.com/cee-startup-challenge
B2RLaw will support the top 10 startups by providing a free Q&A session, where participants will learn how to prepare for negotiations with Venture Capital funds.
The winners will be selected by the jury, which will include Adam Piwakowski, who for many years has been supporting investors making their first steps in the Polish market, as well as helping Polish companies entering foreign markets.
The Vestbee CEE Startup Challenge is just one startup initiative supported by B2RLaw. Our team, as a supporter of the CEE startup community, regularly takes part in events of this type. The team has already helped the founders of dozens of startups set up, develop and scale up their businesses.
More information about the Vestbee CEE Startup Challenge can be found at: www.vestbee.com/cee-startup-challenge
B2RLaw was ranked Tier 3 in the Legal 500 ranking in Construction, Real Estate & White-Collar Crime and Tier 4 in Private Equity. The leaders of these practices, Paweł Gunia, Rafał Zięba, Bartłomiej Jankowski and Rafał Stroiski respectively, were also highlighted.
The Legal 500 EMEA is a prestigious classification of law firms, which includes law firms from all over Europe, the Middle East and Africa. This year, 2,700 law firms from 88 countries were evaluated. The classification is based on the experience and skills of the teams, but above all, on the opinions of 300,000 clients.
Below we present some of the opinions of our clients included in the ranking:
“I find working with the firm very satisfying. They tend to have a very commercial approach to problem-solving, a good speed of services and a willingness to help.”
“A great team with an open approach towards new projects.”
“Top quality and professional approach confirmed in every business case conducted. Very direct and transparent communication.”
“The company provides international level assistance and I have recommended their services to many business partners.”
“The real estate practice has deep knowledge and wide experience in advising Polish and foreign clients. The team is very dedicated to provide best advice in the necessary time-frame, and committed to provide useful and practical advice to the client, finding solutions that would be acceptable from the business perspective.”
“A diverse and stable team, experienced, always available.”
“Rafał Zięba proves to be a good team leader caring about the clients but also its employees, which translates into positive work attitude and devotion.”
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