White & Case LLP has advised Japan-headquartered Akatsuki Inc. (Akatsuki) on its acquisition of Spain-headquartered PROFESSIONAL ESPORTS LEAGUE, S.L. (PEL) to bring PEL in as a subsidiary company.
PEL founded and operates the League of Professional Esports (LPE), an eSports league specifically for professional sports teams. The annual league features multiple game titles with league and cup matches. FC Barcelona (Spain), Ajax (Netherlands), Galatasaray (Turkey), Santos F.C. (Brazil), Real Sociedad (Spain) and Villarreal (Spain) are among the many professional sports teams from around the world participating in the LPE. Tokyo Verdy from Japan is also scheduled to participate.
Akatsuki will provide operational support for the LPE, a combination of professional sports and gaming. As business development partners in Asia, Akatsuki and the LPE will lead the global growth of eSports market.
The White & Case team which advised on the transaction was led by local partner Nels Hansen (Picture) and partner Ayako Kawano (both Tokyo), and included partner Yoko Takagi (Madrid) and associates Fumika Cho, Kazushi Morita (both Tokyo) and Reyes Carvajal (Madrid).
Law Firms: White & Case;
Clients: Akatsuki Corp;