Bredin Prat advises Ubisoft in connection with a €1.16 billion minority stake investment by Tencent in Ubisoft’s new subsidiary bringing together the Assassin’s Creed®, Far Cry® and Tom Clancy’s Rainbow Six® brands

Bredin Prat is advising Ubisoft in connection with a €1.16 billion investment by Tencent, the Chinese major in digital services and video games, for a minority stake in a new Ubisoft subsidiary focused on developing the Assassin’s Creed®, Far Cry® and Tom Clancy’s Rainbow Six® franchises. Through this investment Tencent would own approximately 25% of the new Ubisoft subsidiary.

This new subsidiary will focus on building game ecosystems designed to become truly evergreen and multi-platform. Backed by greater investment and boosted creative capacities, it will drive further increases in quality of narrative solo experiences, expand multiplayer offerings with increased frequency of content release, introduce free-to-play touchpoints, and integrate more social features.

The transaction values the new subsidiary at a pre-money Enterprise Value of around €4 billion.

The Bredin Prat team advising Ubisoft includes:

• Corporate: Olivier Assant, Adrien Simon (partners), Paul Worms, Arthur Schaefer, Julien Dhermand, Julien Siret and Charles Saint-Gilles
• Tax law: Anne Robert (partner) and Caroline Jacquot
• Financing: Karine Sultan (partner) and Camille Védrenne
• Competition: Marie-Cécile Rameau (partner), Wenceslas Chelini (counsel) and Thomas Chevreteau
• Public law: Guillaume Léonard (counsel), Wallis Hebert and Ilia Tushishvili
• Employment law: Laetitia Tombarello (partner) and Louis Aluome
• Digital law and intellectual property: Juliette Crouzet (counsel)