AVELLUM advises Nordcurrent on
acquisition of Blam! Games Studios

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.