Levine Keszler advises Cascade Global on its acquisition of a majority stake in Team Vitality
Paris, November 27, 2018
Team Vitality, a leading European Esport organization announces a €20m private placement led by Cascade Global Levine Keszler acted as French legal advisor to Cascade Global
Cascade Global, a multi-family office investing in emerging technology companies, acted as leading investor in a €20m private placement in Team Vitality, the leading European Esport organization. Levine Keszler assisted Cascade Global on the French legal aspects of the transaction.
Founded in 2013, Team Vitality established itself as an Esport pioneer in the French gaming ecosystem. This private placement marks the 3rd investment, after a first €300k seed round in 2016 and a second €2.5m fundraise early 2018 led by the president of Dijon Football Côte-d’Or Olivier Delcourt, Korelya Capital and Kima Ventures and open ambitious perspectives for Team Vitality.
Team Vitality will leverage Cascade Global’s expertise and global network to strengthen its position as a major organization on the global Esport scene and will use the proceeds from the transaction to continue and build the Vitality brand globally as well as systematically line up highly competitive teams on all major games.
Nicolas Maurer and Fabien Devide, founders of Vitality explain “the expertise and trust provided by Cascade Global will enable us to accelerate our structuration both on competitive aspects and beyond. Recent results, notably our 3rd place at the last EU LCS (European League of Legend Championship) demonstrate we have a unique opportunity to compete in the most selective leagues and therefore earn our seat at the table with the very best Esport organizations worldwide”.
Legal advisors for Cascade Global: Levine Keszler (Serge Levine, partner, and Pierre Plettener, associate)
Legal advisor for Team Vitality: Gide (Pierre Karpik, partner, and Donald Davy, associate)