A team from Grant Thornton in Birmingham advised Miniclip, one of Europe’s largest independent mobile and online game publishers, on the recent sale of a majority stake in its business to Tencent Holdings, a provider of internet services in China.
Grant Thornton worked closely with Miniclip’s Craig Dixon, chief financial officer and Robert Small, chief executive officer and co-founder on the deal.
Birmingham-based partners Dan Hartland and David Hillan provided transaction tax advice and international tax expertise respectively, which included advice across multiple jurisdictions including Italy, Switzerland and Portugal.
Partner Mo Merali led the firm’s transaction services work.
David White, engagement partner at Grant Thornton in Birmingham, said: “Having worked with Craig at both Progressive Digital Media and Kelkoo it was great to work with him again when he joined Miniclip in 2013.
“Since our appointment we have worked closely with the management team to prepare the business for sale, providing group structuring and tax advice at that stage and then further tax and transaction service support once the process was under way.”
Founded in 2001, Miniclip has grown into a major online and mobile games publisher with an audience of over 70 million monthly active users across mobile, social and online platforms in over 195 countries across six continents.
Leading franchises include 8 Ball PoolTMand Soccer StarsTM.
Following Tencent’s investment, Miniclip will remain an independent business and its existing management team will continue to lead its business in the future.
Mr Dixon said: “The teams at Grant Thornton provided us with pragmatic, hands-on and exceptionally astute advice which added significant value to our transaction.
“When you work with a firm like Grant Thornton over many years you maintain relationships that you trust and you know they are going to give you sound commercial counsel.”
Headquartered in Switzerland, Miniclip has offices in London, Lisbon and Genoa and employs 150 people.