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Wednesday, November 29, 2023

EY, Eversheds advise on $12.4m investment in GGTech by Glisco Partners

EY Abogados has advised GGTech Entertainment, S.L. (GGTech) and its founder on a $12.4 million investment in GGTech made by Glisco Partners, which was advised by Eversheds Spain

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Glisco Partners is a leading independent growth equity firm with over 20 years of history, specializing in disruptive and cross-border high-growth companies, and Heart Beat, an international investment management company.

GGTech is a leading player in the gaming and esports environment and one of the top organizers of esports events and tournaments globally. This investment will support GGTech’s consolidation of its presence worldwide and boost the company’s growth in the US market according to its growth and international expansion plan.

Commenting on its investment in the company, Alfredo Castellanos, managing partner at Glisco Partners, said: “Our investment in GGTech is part of our strategy to support highly disruptive companies to grow their market share and enter the US market. GGTech is particularly attractive because of its proven business model and its strategy to leverage its content production studios in Mexico and Spain to service the growing esports market in the US.

EY Abogados Corporate and M&A department team advising GGTech was formed by partner Susana Gómez Badiola, senior manager José María Eguía, senior lawyer Jorge Múgica and junior lawyer Jose Luis Rivera.

Glisco Partners and Heart Beat were advised by Humberto Botti, partner, and Isaac Halavani, associate, of the Mexican law firm Creel García-Cuéllar Aiza y Enriquez, and Eversheds Sutherland Spain’s partner Ignacio Balañá, senior associate Enrique Richard and junior associate Ana Gonzalez.

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