United Luck Consortium $1 billion acquisition of Outfit7

3/2/2017
Private acquisition

$ 1 billion

Announced

3/2/2017


Overview:

  • United Luck Consortium has acquired Outfit7 for $1 billion.
  • Outfit7 is the developer behind the Talking Tom mobile app that has more than 5.6 billion downloads since 2010. It has 200 employees across Cyprus, China, Slovenia and the UK. 
  • United Luck Consortium represents a group of Asian investors.
  • Goldman Sachs acted as financial adviser to Outfit7.

Sam Duke - Editor

Jurisdictions:

China
Cyprus
United Kingdom
Slovenia

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Technology and telecommunications
Entertainment


Firms:

Party: United Luck Group Holdings (Acquirer)


Party: Outfit7 Investments (Target)

Lawyer: Mike Turner