Home / Press / CMS Hasche Sigle advises on buyout of BIGPOINT GmbH...

CMS Hasche Sigle advises on buyout of BIGPOINT GmbH in the framework of EUR 70 million transaction

11/06/2008

GMT Communications Partners and Peacock Equity Fund agree to majority holding of BIGPOINT GmbH, Hamburg

CMS Hasche Sigle advised on the transaction of BIGPOINT GmbH, Hamburg, the top developer of browser-based multiplayer games. Aurelia Private Equity GmbH, European Founders Fund GmbH and United Internet Beteiligungen GmbH sold their shares in BIGPOINT. They were advised on the transaction by a team of corporate lawyers from CMS Hasche Sigle led by Dr Ulrich Springer.

GMT Communications Partners (GMT), the leading independent private equity group in Europe, and Peacock Equity Fund agreed on the majority takeover of BIGPOINT GmbH. The new shareholders are now GMT, Peacock Equity and the German founder of BIGPOINT, Heiko Hubertz. The transaction has a total value of EUR 70 million and is awaiting clearance from the competition authorities. It is expected that the transaction will be completed within the next two months.

BIGPOINT GmbH, Hamburg, the premier brand in European online multiplayer games, develops and hosts browser-based games with over 23 million registered users. BIGPOINT's portfolio includes over 20 free multiplayer games that can be accessed anytime, anywhere with an internet browser. Up to 130,000 users can play concurrently with no need to download a client application. Based in Hamburg Germany, the company has over 150 employees. The company generates revenues through in-game virtual item purchases and online advertising.


CMS Hasche Sigle advisory team:

Dr Ulrich Springer, Lead Partner, Corporate
Sebastian Wilhelm, Corporate

Contact:

Dr Ulrich Springer
Tel.: +49 (0) 89 / 23 80 7 – 192
E-mail: [email protected]