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Eversheds Sutherland advises NorthEdge on acquisition of Catalis

  • United Kingdom
  • Global


    Eversheds Sutherland has advised NorthEdge Capital (NorthEdge) on its acquisition of Catalis Group (Catalis), one of the UK’s leading independent video games companies, in a deal that values the business at £90 million.

    NorthEdge – which manages £650 million of private equity funds aimed at lower mid-market buy-out and development capital transactions – has invested £46.6m through its acquisition vehicle, Project Sword Bidco.

    Vespa Capital, which has been a shareholder in Catalis since 2014, and Catalis CEO Dominic Wheatley, have reinvested the majority of their shareholdings in Catalis as part of the transaction.

    Catalis has a number of game releases planned for the coming months including the official Narcos game, Narcos: Rise of the Cartels, A Knight’s Quest and Peaky Blinders, based on the hit TV series.

    The multijurisdictional Eversheds Sutherland team was led by corporate Partner James Trevis and comprised Partner Stephen Nash and Principal Associates Elizabeth Tindall and Tom Milburn (all corporate), with additional advice provided by the global legal practice’s US and Germany-based offices.

    Eversheds Sutherland advised on all aspects of the complex take-private transaction including the Takeover Code, equity documentation, employment and intellectual property matters.

    James Trevis said:

    “We are very pleased to have successfully supported NorthEdge on this transaction. This was a significant team effort, drawing on expertise from across our multijurisdictional capability to carefully manage the various complex aspects involved. We look forward to working with NorthEdge again in the future.”

    Phil Frame, NorthEdge said:

    “We are pleased to complete the investment into Catalis and to be partnering with Dominic and the team. They have an outstanding record of growth and have built a business of scale, operating on a global basis and with a first class reputation in the market. This was a complex and challenging transaction and we are very grateful to Eversheds Sutherland for the support and advice provided throughout. It was a tremendous effort!”


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