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Latham & Watkins Advises Nexters in Merger with Kismet to Create Combined Company Valued in Excess of US$1.9 Billion

February 1, 2021
Cross-border team represents Cyprus-based mobile and social game developer and publisher in SPAC transaction.

Nexters Global Limited (Nexters or the Company), a Cyprus-based mobile and social game developer and publisher, and Kismet Acquisition One Corp. (Kismet) (Nasdaq: KSMTU), a special purpose acquisition company (SPAC) have entered into a definitive business combination agreement (the Transaction) that will result in Nexters becoming a publicly listed company on the Nasdaq Global Select Market under a new GDEV ticker. The Transaction is expected to close in the second quarter of 2021.

Latham & Watkins LLP represented Nexters in the transaction with an M&A and capital markets deal team led by partners David Stewart, Ryan Maierson, and counsel Yoseph Choi, with associates Jessica Burke and Adam Czernikiewicz. Advice was also provided on Russian law matters by partner Olga Ponomarenko and associate Viktoria Petukhova; on cross-border securities law matters by partner Paul Dudek; on tax matters by partner Jiyeon Lee-Lim with associate Shruti Hazra; on intellectual property matters by partner Deborah Kirk; and on compliance matters by partners Les Carnegie and Charles Claypoole.