SSW advised BoomBit on the sale of shares in SuperScale
SSW advised BoomBit on its sale of a part of its shareholding in SuperScale, to a British venture capital fund, Level-Up. The share capital of SuperScale was also increased. As a result of this transaction, BoomBit’s stake in SuperScale was reduced to 20.4%.
Level-Up will provide SuperScale with financing in relation to its future development plans, particularly, in the United States. The transaction will also enable the SuperScale to access mobile game producers and publishers around the world. SuperScale will also benefit from the synergies between it and the other companies in the Level-Up portfolio.
Our deal team advising Boombit on this transaction included Szymon Okoń, Tomasz Kwaśniewski, Dawid Brudzisz, Dawid D. Malinowski, and Damian Staszewski. Congratulations to the whole team!
BoomBit S.A. is an international producer and publisher of mobile games and one of the largest Polish companies in the industry. It operates on the global market, producing free-to-play (F2P) games for iOS, Android and Nintendo Switch. Currently, the most popular BoomBit games include: Archery Club, Darts Club, Tanks A Lot!, Ramp Car Jumping and Bike Jump.
Level-Up is a venture capital fund specialising in mobile games. It already has multiple games developers from Europe and Asia, in its portfolio. The Level-Up team supports these companies not only by providing funding, but also shares their business and game development know-how. In the past, the fund has sold shares of companies from their portfolio to global players, such as Twitch and GSN Games from the Sony Pictures Entertainment capital group.