Fladgate LLP has advised leading AIM-listed esports entertainment company Gfinity PLC on its acquisition of RealSM Limited, a sports media company which operates a fan-oriented digital sports media platform under the brand name RealSport. The consideration was c.£2.4m, to be satisfied by the issue of new shares in Gfinity.
This acquisition supports Gfinity’s aim to build a large and engaged digital esports community, from the casual fan to the elite professional. The founders of RealSport, Roei Samuel and Scott Hurst, will work closely with Gfinity’s management team to drive integration and growth of the user base.
Fladgate advised Gfinity on its admission to AIM in 2014 and on several key stages of its subsequent growth.
The Fladgate team was let by corporate partner David Robinson and senior associate Jamie Hamilton, assisted by trainee solicitors Chris Wilkinson and Eleanor Green. Associate Ben Milloy advised on commercial, IP and data protection issues, and associate Anthony Reeves advised on tax.