Morrison Foerster is an international law firm with lawyers practicing throughout the United States, Asia, and Europe. Click to discover more.

mofo_share_image.jpg

Morrison Foerster

common-default.jpeg

Terms / Notices

Cookies

Privacy Policy

Reporting Hotline

Attorney Advertising

Alumni

  Linkedin

MoFo LinkedIN

  Facebook

MoFo Facebook

YouTube

MoFo Youtube

Morrison Foerster - Footer

MoFo Advised Six Waves Inc. on its US$201 million Acquisition by Stillfront Group AB 

You have not solved the recaptcha challenge yet or session expired, try again.

Email Disclaimer

Disclaimer

Unsolicited e-mails and information sent to Morrison Foerster will not be considered confidential, may be disclosed to others pursuant to our <a href="https://www.mofo.com/about/privacy-policy.html">Privacy Policy</a>, may not receive a response, and do not create an attorney-client relationship with Morrison Foerster. If you are not already a client of Morrison Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

Feedback

mofo-logo-2022.svg

People

Capabilities

Resources

About

Culture

Offices

Careers

Stay Connected

Morrison & Foerster advised Six Waves Inc., a leading global publisher of mobile games based in Hong Kong (“Six Waves”), on its acquisition by Stillfront Group AB (publ), a Sweden-based powerhouse of gaming studios listed on Nasdaq Stockholm (stock code: SF.ST) (“Stillfront”). The US$201 million consideration for the sale included cash and shares of Stillfront, with the potential for additional contingent cash and shares of Stillfront based on achievement of certain conditions after closing.



About Morrison Foerster

people-default-header-desktop.jpg

people-default-header-mobile.jpg

Default Meta Data

Morrison & Foerster advised Six Waves Inc., a leading global publisher of mobile games based in Hong Kong (“Six Waves”), on its acquisition by Stillfront Group AB (publ), a Sweden-based powerhouse of gaming studios listed on Nasdaq Stockholm (stock code: <a target="_blank" href="https://sf.st/">SF.ST</a>) (“Stillfront”). The US$201 million consideration for the sale included cash and shares of Stillfront, with the potential for additional contingent cash and shares of Stillfront based on achievement of certain conditions after closing.Six Waves was founded in Hong Kong in 2008, and is one of the top mobile game publishers in tier one markets like Japan, US, Hong Kong and Taiwan.The Morrison & Foerster team was led by Hong Kong partner Thomas Chou, co-chair of the Asia Private Equity practice. Key members included Hong Kong Private Equity and M&A associates Julia Lee, Katrina Tsoi, and Grace Fung, and trainee solicitor Ferdinand Loo.Read the <a target="_blank" href="https://view.news.eu.nasdaq.com/view?id=bbe540ddf8f7b97cdcbe4b10cda61cd47&lang=en">press release</a> for the transaction.

MoFo Advised Six Waves Inc. on its US$201 million Acquisition by Stillfront Group AB

Sign Up

Thomas has devoted more than a quarter century to advising sophisticated and impactful clients to complete complex, market-leading transactions globally, with deep experience in the U.S. and Asia Pacific region. He concentrates his practice on cross-border mergers and acquisitions, joint ventures, and emerging company and venture capital advisory and transactional work. Thomas’ clients include industry-leading emerging growth companies and a broad range of investors who fund them (traditional private equity and venture capital funds, prominent Asian family offices, the corporate/strategic investment arms of large corporates, insurance companies, and sovereign wealth funds). His broad industry coverage includes biopharma, MedTech and digital health; mobile, gaming, and entertainment; material science and semiconductors (equipment and design); Deeptech/AI; Fintech (payments, remittances, and digital assets); PropTech; FoodTech; health and wellness; and consumer products and retail.Clients and outside ranking organizations routinely cite Thomas’ accomplishments:<ul><li>Thomas is “a strong advocate for his client, offering strategic and actionable advice, evaluating and clearly prioritizing the key issues in complex situations and proactively anticipating concerns from counterparties in negotiations."</li><li>“Thomas Chou is excellent in understanding the industry and leads the team in working on the same. He is very responsive and works 24 hours responding to the clients.”</li><li>“Thomas has significant experience handling complex cross–border transactions across the Asia–Pacific region. His counsel is frequently sought by global technology corporations to advise on their investments in the region. He also commands considerable respect from private equity clients.”</li><li>His clients pinpoint his “decades of venture capital experience both in the United States and in Asia,” with one noting: “He is patient, attentive to details and someone who has clearly conquered many battlefields.”</li><li>Thomas is particularly praised for his communications skills, with clients saying, “Any issues we had he would always provide a solution. He is not only interpreting regulations, but he is also commercially savvy.”</li></ul>At MoFo, Thomas is an active member of our Emerging Company + Venture Capital, Private Equity, and M&A practices, all of which are consistently highly ranked in major independent industry league tables and lawyer ranking organizations.Thomas is also a proud member of the board of directors of the Starlight Children’s Foundation.

周至恒（Thomas Chou）律师在公司业务领域非常活跃，重点处理跨境并购（中国境内外）、合资、私募股权和风险资本融资业务。他的客户包括新兴成长型公司，传统以及非传统投资者（私募股权和风险投资基金，家族办公室，公司/公司的战略投资部门，金融机构以及主权财富基金）。他的执业领域主要是技术、媒体和电信、医疗和生命科学以及消费和零售业。客户和外部评级机构都经常称赞周律师的成就：<ul><li>“周律师在处理亚太地区复杂跨境交易方面经验丰富，全球科技公司常因在该地区的投资而寻求其意见，他也广受私募股权客户推崇。”</li><li>“（周律师）资历深厚，精于各种风险投资及私募股权事宜，包括前期与后期的投资及并购，他在科技领域的经验尤其丰富。”</li><li>客户赞赏他“在美国及亚洲均有数十年风险投资经验”，并称其“非常耐心，注重细节，实战经验丰富”。</li><li>周律师的沟通技巧尤其为人所称道，他的客户指出：“不管我们出现任何问题，周律师都能提出解决方案。他不仅能准确把握法律条文，同时极具商业头脑。”</li></ul>周律师是美富亚洲私募股权业务的联席主管，也是新兴公司 + 风险投资业务组和并购业务组的活跃成员。他在上述业务领域均持续受到独立的法律行业排行榜和律师评级机构的高度认可。周律师还是星光儿童基金会的董事会成员。

Thomas Chou

Partner

Julia’s practice spans across cross-border M&A, joint ventures, as well as private equity.Prior to joining Morrison & Foerster, Julia was an associate in the Hong Kong office of a major international law firm.Julia is fluent in English, Cantonese, and Mandarin.

李恺宜律师业务涵盖跨境并购、合资公司及私募股权。在加入美富前，李律师曾在某领先的国际法律事务所的香港办事处担任律师。李律师精通英语、粤语及普通话。

Julia Lee

Associate

Katrina’s practice focuses on a diverse range of corporate matters, including cross-border mergers and acquisitions, private equity investments, regulatory and compliance, and other general corporate matters.Katrina has experience advising multinational companies, sovereign wealth funds, private equity investors, family offices, and start up entrepreneurs across various sectors including consumer goods and services, life sciences, and technology (including AgTech).Katrina is fluent in English, Cantonese and Mandarin.<h4>Representative Matters</h4><ul><li>Happiness Capital</li><ul><li>in its US$350,000 Series Seed investment in Kyomei, a company with innovative molecular farming technology to use plants to produce animal-identical proteins that replicate the taste and nutritional value of traditional meat.</li><li>in connection with the US$10 million Series A minority investment in Botrista, a U.S.-based robotic barista automation solution provider.</li><li>in connection with the US$4.7 million equity investment in NovoNutrients, a U.S.-based alternative proteins company that transforms CO2 emissions into high-value, low-cost proteins and additives for food and feed.</li></ul><li>Cayman Islands-incorporated and Taiwan-based The News Lens Co., Ltd. (TNL) in its proposed de-SPAC with Blue Ocean Acquisition Corporation (NASDAQ: BOCN), a publicly traded special purpose acquisition company, and its proposed listing on NASDAQ.  TNL is an independently owned international web media group with editions of its core “The News Lens” brand published in Taiwan, Hong Kong, ASEAN and Japan as well as an International (English) edition. </li><li>Ally Bridge Group in connection with numerous investments in various life sciences companies, including: </li><ul><li>as lead investor in connection with the US$60 million Series F financing of Aerin Medical Inc., a medical technology company focused on the ear, nose and throat market providing non-invasive solutions for the treatment of chronic nasal conditions.</li><li>as lead investor in connection with the US$62 million Series D financing of Mission Bio, Inc., a life science tools company focused on single cell genomics, proteomics and multi-omics solutions for oncology study and cell and gene therapy development.</li><li>as lead investor in connection with the $101 million Series B financing of Endeavor BioMedicines, a clinical-stage biotechnology company targeting the core drivers of terminal diseases including oncology and fibrosis.</li><li>as lead investor in connection with an oversubscribed US$265 Million Series B financing of Sonoma Biotherapeutics, a U.S. based life sciences company developing treatments for autoimmune and degenerative disease.</li><li>in the follow-on US$100 million Series D financing of a company with a subscription-based application that connects patients with professional health coaches, nutritionists, exercise physiologists, nurses, and diabetes educators. </li><li>in a follow-on US$81 million equity investment in Rapid Micro Biosystems, Inc., a U.S. based medical product manufacturer. Including this latest financing, Rapid Micro Biosystems has raised over $340 million of equity for its expansion.</li><li>in connection with the $200 million Series C investment of Transcarent, a new and different health and care experience company for employees of self-insured employers and their families.</li></ul><li>LeapXpert, a Hong Kong and US-based communications and messaging platform provider, in connection with its US$22 million Series A+ financing led by Rockefeller Asset Management. The investment also includes participation from Uncorrelated Ventures, the Partnership Fund for New York City, and a new strategic investor, as well as existing investors.</li></ul><ul><li>Tencent Holdings Limited its US$46 million (JPY5 billion) acquisition of a majority stake in Wake Up Interactive Limited, together with its wholly-owned subsidiaries in Japan, Valhalla Game Studios Ltd. and Soleil Ltd., which produce video games and online entertainment. </li><li>LSE-listed Tate & Lyle PLC, a leading global provider of food and beverage ingredients and solutions,<ul><li>in connection with its agreement to acquire Quantum Hi-Tech (Guangdong) Biological Co., Ltd, a leading prebiotic dietary fiber business in China, from ChemPartner Pharmatech Co., Ltd.</li><li>on its acquisition of Sweet Green Fields (SGF), a leading global stevia solutions business.</li></ul></li><li>Ping An Insurance (Group) Company of China Ltd. in its capital and strategic alliance with Shionogi & Co., Ltd. with a total value of US$780 million, which includes (i) subscription of a 2.05% voting stake in Shionogi and (ii) establishment of joint ventures in Shanghai and Hong Kong. Shionogi is a leading research-driven pharmaceutical company headquartered in Japan.</li><li>Ascendent Automation (Cayman) Limited, an affiliate of Ascendent Capital Partners as one of the Joint Offerors, in its offer to privatize China Automation Group Limited (CAG) (0569.HK) by way of a Cayman scheme of arrangement for HK$391,998,649.50 (about US$50.06 million). Ascendent Capital Partners also provided a loan facility to the other joint offeror (being the controlling shareholder of CAG) for the purpose of the offer. CAG is a China-based company principally engaged in: (i) the provision of safety and critical control system and control valves specialized for petrochemical industries, along with related maintenance and engineering services; and (ii) hospital business in Suzhou, the PRC.</li><li>SoftBank Vision Fund in connection with an investment totaling US$1.5 billion in Chehaoduo, a leading Chinese customer-to-customer auto retail services company that operates Guazi, an e-commerce platform focusing on second-hand car transactions, and Maodou, an e-commerce platform focusing on new car transactions.</li></ul>

蔡嘉莉律师的执业领域侧重于各类公司事宜，包括跨境并购、私募股权投资、监管与合规，以及其他一般公司事宜。蔡律师在为跨国公司、主权财富基金、私募股权投资者、家族办公室和初创企业家提供法律意见方面经验丰富，客户涉及消费品和服务、生命科学和技术（包括农业技术）等多个领域。蔡律师精通英语、粤语和普通话。<h4>具有代表性的交易</h4><ul><li>代表Happiness Capital 处理一系列投融资事宜，包括</li></ul><ul><li>处理其对 Kyomei 公司进行的 35万美元的种子轮投资事宜，该公司拥有创新的分子农业技术，可利用植物生产与动物相同的蛋白质，从而复制传统肉类的味道和营养价值。</li><li>处理对Botrista的A轮与B轮股权投资事宜。Botrista是一家位于美国的为混合饮料提供自动化解决方案的跨国机器人公司。</li><li>处理对NovoNutrients的470万美元股权投资事宜。NovoNutrients是美国一家替代蛋白公司，可将二氧化碳排放物转化为高价值、低成本的蛋白质及食品和饲料添加剂。</li></ul><ul><li>代表在开曼群岛注册、总部设在台湾的The News Lens Co., Ltd. (TNL)处理其与纳斯达克上市的特殊目的收购公司Blue Ocean Acquisition Corporation (NASDAQ: BOCN) 的合并以及其在纳斯达克上市的事宜。TNL是一家独立的国际网络媒体集团，其核心品牌“关键评论网“( "The News Lens ")在台湾、香港、东盟和日本运营，并拥有国际英文版。</li><li>代表软银集团公司和软银愿景基金处理其拟以650亿美元将Arm Limited出售给美国领先的芯片公司NVIDIA（纳斯达克股票代码：NVDA）的事宜。Arm Limited是一家总部位于英国的跨国半导体和软件设计公司。</li></ul><ul><li>代表汇桥资本处理一系列投融资事宜，包括</li><ul><li>作为牵头投资人处理其对Aerin Medical Inc.规模为6000 万美元的F轮融资事宜。Aerin Medical是一家专注于耳鼻喉市场的医疗技术公司，为慢性鼻腔疾病的治疗提供非侵入性解决方案。</li><li>作为牵头投资人处理其对Mission Bio Inc.规模为6200 万美元的D轮融资事宜。Mission Bio是一家生命科学工具公司，专注于单细胞基因组学、蛋白质组学和多组学解决方案肿瘤学研究以及细胞和基因疗法。</li><li>作为牵头投资者处理Endeavor BioMdicines的01亿美元B轮融资事宜。Endeavor BioMedicines是一家处于临床阶段的生物技术公司，主要针对肿瘤和纤维化等绝症的核心驱动因素。</li><li>作为领投方处理Sonoma Biotherapeutics获超额认购的65亿美元B轮融资事宜。该公司是一家美国生物科技公司，致力于开发自体免疫性和退行性疾病的治疗方法。</li><li>处理一家基于订购的虚拟医疗保健公司的后续1亿美元D轮融资事宜。该公司将患者与专业的健康教练、营养师、运动生理学家、护士和糖尿病教育者联系起来。</li><li>处理美国医疗产品制造商Rapid Micro Biosystems, Inc.的8100万美元后续股权投资事宜。包括此次最新轮融资在内，Rapid Micro Biosystems已经为其扩张筹集了超过4亿美元。</li><li>处理Transcarent公司的2亿美元C轮投资事宜。Transcarent面向自保雇主的雇员及其家人提供新型且与众不同的健康和护理体验。</li></ul></ul><ul><li>代表总部位于香港和美国的通信和信息平台供应商LeapXpert就其$2200万美元的A+轮融资提供咨询服务，该轮融资由洛克菲勒资产管理公司(Rockefeller Asset Management)牵头。该项投资的参与者还包括Uncorrelated Ventures、纽约市合伙基金和一名新的战略投资者，以及现有投资者。</li></ul><ul><li>代表腾讯处理其以 4600 万美元（50 亿日元）收购 Wake Up Interactive Limited 及其在日全资子公司 Valhalla Game Studios Ltd. 和 Soleil Ltd. 的多数股权事宜。Wake Up Interactive是日本一家创意游戏公司，从事视频游戏和网络游戏开发。 </li></ul><ul><li>代表在伦敦证券交易所上市的领先的全球食品和饮料原料及解决方案提供商泰莱集团(Tate & Lyle PLC)</li><ul><li>处理其从睿智医药股份有限公司协议收购其旗下量子高科（广东）生物有限公司的事宜。</li><li>处理其收购领先的全球甜菊糖供应商Sweet Green Fields (SGF)的事宜。</li></ul></ul><ul><li>代表中国平安保险（集团）股份有限公司处理其与盐野义制药株式会社高达7.8亿美元的资本与战略联盟的事宜，当中涉及(i) 认购盐野义的2.05%具表决权股份，及(ii) 于上海及香港分别设立合资公司。盐野义为一家总部设于日本的领先的研究型医药公司。</li><li>代表Ascendent Automation (Cayman) Limited（上达资本的全资子公司）作为联合要约人之一处理其对中国自动化集团有限公司（香港股份代号：0569）规模为391,998,649.50港元（约5,006万美元）的私有化安排。上达资本还为作为中国自动化集团有限公司控股股东的联合要约人提供贷款。中国自动化集团是一家总部位于中国的公司，主要从事的业务包括：（i）提供专门用于石化行业的安全及紧急控制系统及安全阀，以及相关之保养及工程服务；（ii）位于中国苏州的医院相关业务。</li><li>代表软银愿景基金处理其对车好多集团总计15亿美元的投资。车好多是中国领先的汽车直卖平台，旗下主要包含瓜子二手车直卖网（主要经营二手车交易）和毛豆新车网（主要经营新车交易）两大平台。</li></ul>