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Mishcon de Reya team acts for Village Holdings LLC’s subsidiary company sale to Sega

Posted on 14 September 2022

The corporate team at Mishcon de Reya advised Village Holdings LLC (“VHL”) in connection with its sale of two of its subsidiary companies (Fun Box Entertainment (UK) Limited and Fun Box Entertainment GmbH) to Urban Fun Ltd.

Fun Box is an international game room operator well known for its unique and exciting amusements, managed by Matthew Deith and Albert Corrigan, in the Gravity brand.

Sega Amusements recently announced its acquisition of Family Entertainment Centre (FEC) arcade brand here in the UK. This was the acquisition by Urban Fun Ltd - a new holding company incorporated by Paul Williams of Sega Amusements and the Fun Box team for the purposes of the acquisition - of both Fun Box Entertainment (UK) Limited, and its German sister company, Fun Box Entertainment GmbH, from our client, Village Holdings LLC.

Mishcon de Reya represented VHL in the sale of Fun Box Entertainment (UK) Limited and supported German counsel with the connected and sale of Fun Box Entertainment GmbH.

Gina Angeli, Chief People Officer at The Village and internal lead on the sale process, commented: “The team was amazing to work with. They recognized the key business issues that were critical within the legal process. Their ability to understand what was important to us and to work collaboratively with buyer’s counsel was key to the transaction. This was especially significant as we were working through a multi-national deal- they did a phenomenal job leading through the entire process.”

Scott Parmenter, Managing Associate at Mishcon de Reya, commented: “It was a pleasure to work with Gina, Matthew and Albert on the sale of Fun Box, securing a great outcome for VHL and the future of family entertainment centres in the UK and abroad.”

Disclaimer: This deal took place in 2022 when the deal team were at Taylor Vinters LLP, which merged with Mishcon de Reya in January 2023.

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