Toadman Interactive’s Acquisition Of Sold Out

Baker McKenzie acted as legal advisor to Toadman Interactive in connection with the transaction.

Toadman Interactive AB (publ) has entered into an agreement with the shareholders of Sold Out Sales & Marketing Limited to acquire 100 percent of the shares in Sold Out for a purchase price of GBP 16.0 million, plus an additional consideration of up to GBP 5.2 million, on a cash- and debt-free basis. The consideration is paid partly in cash and partly in Toadman Interactive shares.

Sold Out is a leading video game publisher and distributer based in London. The acquisition is in line with Toadman Interactive’s strategy to perform complementary acquisitions to establish a stronger industry position.

The Baker McKenzie team consisted of Anna Orlander (Picture), Stefan Balazs, Ian Gulam and Erik Holmgren and from the firm’s London office, Nick O’Donnell, Dominique Manguiat and Cristina Brown.

Involved fees earner: Stefan Balazs – Baker McKenzie; Cristina Brown – Baker McKenzie; Ian Gulam – Baker McKenzie; Erik Holmgren – Baker McKenzie; Dominique Manguiat – Baker McKenzie; Nicholas O’Donnell – Baker McKenzie; Anna Orlander – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: Toadman Interactive;