Hogan Lovells advises JustPlay on sale to NCSOFT
Led by Munich partner Dr. Nikolas Zirngibl, global law firm Hogan Lovells has advised the shareholders of JustPlay GmbH on the sale of a 70% stake in the company to South Korea’s NCSOFT Corporation for a purchase price of USD 202 million.
Berlin-based JustPlay GmbH was founded in 2020 and operates a loyalty gaming app through which users are rewarded for playing mobile games with cash or vouchers. The company follows a “play-to-earn” model that enables both payouts to users and donations to charitable organizations. JustPlay operates in the mobile gaming platform sector and has recorded more than 25 million downloads of its app.
NCSOFT Corporation is a publicly listed South Korean video game developer and publisher. Founded in 1997, the company is among the world’s well-known providers of online games and is particularly recognized for massively multiplayer online role-playing games (MMORPGs) featuring long-term live services and a large international player base.
Hogan Lovells provided comprehensive legal advice to the shareholders of JustPlay throughout the entire transaction.
Hogan Lovells team for JustPlay GmbH
Dr. Nikolas Zirngibl (Partner), Thiemo Woertge (Counsel), Dr. Dominik Lang (Senior Associate), Julia Dingeldey, Nadja Weber (Associates) (Corporate M&A, Munich), Lucie Arntz (Senior Associate), Nico Baer (Associate) (Corporate M&A, Berlin);
Anthonia Ghalamkarizadeh (Partner), Dr. Henrik Hanssen (Counsel), Marvin Jäschke, Julian Reidick (Associates) (Intellectual Property, Hamburg);
Dr. Falk Loose (Counsel), Peter Volkmann (Senior Associate) (Tax, Munich);
Stefan Kirwitzke (Counsel, Antitrust, Brussels).
Justplay GmbH (Inhouse): Frank Volpers, General Counsel
