Gowling WLG advises leading video games maker Codemasters on £280m IPO

2 minute read
05 June 2018

Gowling WLG has advised leading video games maker Codemasters on its admission to the AIM market of the London Stock Exchange plc.

Codemasters - one of the oldest names in the UK video games industry - and its shareholders have raised £185m in an oversubscribed placing of existing shares and new shares. The Warwickshire-based company employs more than 500 people and is well known for developing high quality racing games, including the official range of Formula One racing games.

Sunil Kakkad, partner and Head of the Corporate Team at Gowling WLG, led and advised on the IPO with support from Sefton Collett, Sam Myers, Amar Adatia and Tom Smith in the Corporate Team and Tax partner Michael Murphy.

Sunil said: "Codemasters is a household name in the British games industry and we're pleased to have the opportunity to work with the company on what is a major milestone for the business.

"The IPO was oversubscribed which signifies the confidence investors have in Codemasters and the growing UK gaming industry. The transaction is also further evidence of our market leading strength in the AIM market."

Frank Sagnier, CEO at Codemasters, added: "It was a pleasure to deal with Sunil and the wider team at Gowling WLG. Their knowledge and experience of the IPO process were both very thorough and invaluable."

Gowling WLG consistently features at the top of ARL's AIM Advisers Rankings Guide, and is recognised for its leading position in the AIM market, acting for nominated advisers (nomads) and AIM companies alike

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.