POELLATH advises Earlybird on the sale of Peak Games to Zynga for USD 1.8 bn
Earlybird is a venture capitalist focussing on European technology companies. With more than USD 1 bn of total capital commitments over all fund generations and 23 years of venture capital experience Earlybird is one of the most successful and most experienced VC-investors in Europe. Earlybird was invested in Peak Games since 2011.
Peak Games is a fast growing mobile games developer based in Istanbul (Turkey) and the maker of mobile puzzle games Toy Blast (2015) and Toon Blast (2017).
This transaction is the biggest exit for Earlybird in its 23 years history and will lead to one of the largest ever profit distributions to investors of a German VC fund triggered by a single transaction.
POELLATH advised the fund manager, Earlybird Venture Capital GmbH & Co. KG, as its longtime fund counsel with the following private funds team:
- Dr. Andreas Rodin (partner, private funds/tax law, Frankfurt am Main)
- Jan Philipp Neidel (senior associate, private funds/tax/venture capital, Berlin)
- Dr. Simon Schachinger (associate, private funds/tax law/venture capital, Berlin).