DTB Advised Devolver in Acquisition of Croteam

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DTB advised Devolver Digital, American video game publisher specializing in the publishing of indie games, in its acquisition of 100% shares of Croteam, a Croatian-based independent game development company of games and 3D engine technologies for PC, Mac, Linux, PlayStation 4, Xbox One, Nintendo Switch, iOS and Android, as well as various VR platforms. Croteam initially started as a "garage game development" in 1992 and has since been focused on the development of video games. The company currently employs 40 people and is renowned for its globally successful games Serious Sam and the Talos Principle. This transaction, completed on 19 October 2020, is Devolver’s first acquisition in Europe.  

DTB team, consisting of senior partner Damir Topić, attorneys Dina Salapić (M&A), Olena Manuilenko (IP/TMT), Andrej Žmikić (Employment) and associate Iva Vukoja, provided full transactional support to Devolver. 

The Devolver transaction is one in the string of similar acquisitions in the Croatian gaming industry in recent period and is the third transaction that DTB has advised on recently in this sector which is becoming one of most vivid areas of business in Croatia.