Kim&Chang shows strong ties with Krafton Local law firm works with Krafton on its acquisition of Unknown Worlds
Translated by Kim So-in 공개 2021-11-09 08:08:01
이 기사는 2021년 11월 09일 08:05 thebell 에 표출된 기사입니다.
South Korea’s largest law firm Kim & Chang has acted as a legal advisor to the nation’s gaming firm Krafton in its recent acquisition of US video game developer Unknown Worlds Entertainment.Kim & Chang represented Krafton in its acquisition of Unknown Worlds, legal sources said on Friday. The transaction is in the process of closing.
Kim & Chang has been Krafton’s longtime legal advisor, providing legal advice since Krafton was Bluehole, the predecessor of Krafton, according to legal sources. Kim & Chang also represented Krafton in respect of its lisitng on the Korea Exchange.
Around 10 Kim & Chang professionals, including Lee Jung-chull and Kim Hye-sung, worked on the deal.
Lee, who is an attorney licensed in New York and California, is specialized in US tech sector and startups. Kim is a US-licensed attorney and has provided Krafton with legal services on its listing on the Seoul bourse.
Kim & Chang plans to continue cooperating with Krafton until the deal closing. Under the stock purchase agreement, the closing date of the transaction is the fifth business day from when all the prerequisites are met, including approval from authorities.
Last month, Krafton signed the stock purchase agreement to take over Unknown Worlds for $750 million, including an earnout payment of up to $250 million. Krafton will pay $500 million on the closing date, with the amount of the earnout to be finalized in 2026, depending on the US game developer’s future performance.
Kirkland & Ellis LLP also acted as legal advisor to Krafton along with Kim & Chang. With $4.83 billion gross revenue in 2020, Kirkland & Ellis placed first on The American Lawyer's 2021 Global 200 survey.
Aream & Co. acted as the exclusive financial advisor to Unknown Worlds throughout the transaction, and Fenwick & West served as legal advisor. (Reporting by Gyoung-tae Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- '재무개선' AJ네트웍스, 조달비용 '확' 낮췄다
- '9년만에 엑시트' 한앤코, 한온시스템 거래구조 살펴보니
- 한국타이어앤테크놀로지, 한온시스템 인수한다
- [수술대 오른 커넥트웨이브]2대주주 지분매입 나선 MBK, 주식교환 카드 꺼냈다
- [이사회 모니터]이재용 에이비프로바이오 대표, 바이오·반도체 신사업 '드라이브'
- 와이투솔루션, 주인 바뀌어도 '신약' 중심엔 美 합작사 '룩사'
- 아이티센, 부산디지털자산거래소 본격 출범
- 아이에스시, AI·데이터센터 수주 증가에 '날개'
- [이사회 모니터]서정학 IBK증권 대표, ESG위원회도 참여 '영향력 확대'
- SW클라우드 '10주년' 폴라리스오피스, “초격차 밸류업”