AVELLUM acted as the Ukrainian legal counsel to Nordcurrent on the acquisition of Blam! Games Studios. Nordcurrent is the largest game development studio in the Baltic region. Blam! Games Studios is a Ukrainian game development and animation studio, which has been cooperating with Nordcurrent since 2014.
AVELLUM advised Nordcurrent on the structuring of the transaction and preparation of the acquisition documents, as well as on the preparation of the employment contract for the Ukrainian CEO. AVELLUM also provided an extensive advice on the structuring of the employment relations with the software developers.
AVELLUM’s partner Yuriy Nechayev commented the following: “We are seeing an increased interest of Baltic investors in the Ukrainian market, especially in the IT industry. This deal is a bright example of this trend. IT, together with agribusiness, are the most attractive industries for foreign investors and, at the same time, the leading forces of Ukrainian economy. Needless to say that we are happy to be a part of this trend.”
The AVELLUM team was led by partner Yuriy Nechayev with the support from associates Andrii Gumenchuk and Sofiia Kostytska.