Sayenko Kharenko has acted as Ukrainian legal counsel to Nordcurrent, one of the largest video game developers and publishers in Lithuania, providing extensive transactional support on the acquisition of Ukrainian game development company.
Sayenko Kharenko team has worked closely with Sorainen, a lead legal counsel to Nordcurrent, and advised on the transaction structuring, assisted in drafting transaction documentation and supported on local closing.
Nordcurrent is a developer and publisher of casual games for smartphones, tablets and PC/Mac, established in 2002 in Vilnius, Lithuania. Headquartered in Lithuania, Nordcurrent has acquired a new development studio in Dnipro in addition to its development studios located in Vilnius and Odesa.
During the last 19 years, Nordcurrent has developed more than 50 games for various platforms. The studio’s biggest hit so far is Cooking Fever – a time-management game where players can cook meals and desserts from all over the world. The game has almost 400 million downloads and 15 million monthly active users. Other recent Nordcurrent games include the multiplayer mobile shooter Sniper Arena and the interactive crime novel Murder in the Alps, and the newest time-management game in the sky – Airplane Chefs, and game for setting fashion trends – Pocket Styler. Currently, the company has more than a dozen new titles in development.
Sayenko Kharenko Corporate and M&A team for the current transaction was led by senior associate Oksana Daskaliuk and included associate Konstantin Zablotskyi and junior associate Nazarii Pylypchuk under the supervision of partner Oleksandr Nikolaichyk. Counsel Oleg Klymchuk, supported by associate Ivan Chopyk and paralegal Anastasiia Safonova advised on IP matters.