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European law firm Fieldfisher has advised Live Tech Games Ltd in connection with its £2.5 million investment from UK national broadcaster, ITV.
Live Tech Games offers a unique platform, combining mobile entertainment and live game tournaments, both exclusively in-venue and nationally, bringing people together, regardless of where or who they are.
The platform seeks to fill the gap in the mobile gaming market for live, light-hearted yet competitive games, taking familiar, well-known games and transforming them into effortless yet rewarding live experiences.
Earlier this year, Live Tech Games successfully ran a pilot with ITV, working with the This Morning team, to keep viewers connected even after the programme had ended. Thousands of players downloaded Roshambo Live to play the exclusive This Morning game of Rock Paper Scissors, pitting players nationwide head-to-head in live knock-out rounds.
ITV's investment in and support for Live Tech Games presents a pivotal opportunity for the company to continue working with ITV, leveraging the network's globally recognised IP to create new, exciting forms of entertainment that can be accessed directly via consumers’ mobile devices.
The Fieldfisher team in London that advised on the deal involved specialists across the corporate, technology, media and employment teams. The transaction was led by corporate partner Carlton Durrant and tech partner John Brunning.
The transaction is the latest addition to the Fieldfisher corporate media group portfolio, which includes many of the leading names in TV and film production as well as video game publishers and other content producers.
Commenting on the deal, corporate partner Carlton Durrant said:
"We are delighted to have supported Live Tech Games and its founders Nathan and Samuel in securing this backing from ITV at such an early stage.
"The ways we engage with and experience entertainment continue to evolve rapidly and we are pleased to be at the forefront of many of these trends, thanks to our work with some of the most innovative and ambitious businesses in the media and entertainment industry, such as the team at Live Tech Games.
"We wish them the best of luck with their future growth and development, and we look forward to seeing and playing their new games!"
Nathan Moore, Co-Founder of Live Tech Games, said:
“We began working with Carlton, John, and the Fieldfisher team at the deal’s earliest stages and the team were incredibly valuable from deal scoping, all the way to negotiation and closure.
"Fieldfisher’s understanding of our products and business models, despite being innovative, new, and (in some cases) the first of its kind, was unparalleled, making the whole process seamless for our company.
"We were always confident we had the best people supporting the transaction because of their creativity and ability to find solutions to the most challenging circumstances.
"We are grateful for the support of Carlton, John, Jasmine and the wider team, for their valiant and successful efforts in completing the deal on time and allowing our business to continue working towards its goals of pioneering a new wave in mobile entertainment through live gaming.”
Carlton Durrant and John Brunning were supported on the transaction by corporate associate Jasmine Surendran, employment partner Nick Thorpe and senior associate Hannah Disselbeck, and Head of Media Tim Johnson.
About Fieldfisher
Fieldfisher is a European law firm with market-leading practices in many of the world’s most dynamic sectors. We are an exciting, forward-thinking organisation with a particular focus on technology, financial services, energy & natural resources and life sciences.
Fieldfisher has 25 offices across 11 countries. The firm’s VC, private equity and M&A expertise is spread across our European, Chinese and US network. Our UK corporate team was shortlisted for M&A Team of the Year at the British Legal Awards 2021.
We operate across our offices in Amsterdam, Barcelona, Beijing, Belfast, Birmingham, Bologna, Brussels, Dublin, Düsseldorf, Frankfurt, Guangzhou, Hamburg, London, Luxembourg, Madrid, Manchester, Milan, Munich, Paris, Rome, Shanghai, Turin, Venice and Silicon Valley.
