Urban Fun Acquires FunBox
Werner, Luger & Partner has advised Germany-based FunBox Gmbh on parent company FunBox’s sale to Urban Fun as part of a multi-million-pound deal.
FunBox is an amusement arcade business that recently opened an outlet at Gravity Wandsworth in London and has another location scheduled to open in Liverpool later this year, with a third location reportedly in the works for London’s Westfield Stratford shopping centre. Its acquisition by Urban Fun spanned three jurisdictions across the UK, US and Germany.
A holding company established by Sega Amusements International CEO Paul Williams, Urban Fun will retain FunBox founders Albert Corrigan and Matthew Deith on its leadership board following the acquisition. Paul Williams will remain CEO of Urban Fun, with Matthew Deith becoming managing director and Albert Corrigan becoming operations director.
In addition to the services provided to FunBox Gmbh by Werner, Luger & Partner, global law firm Taylor Vinters advised sister company FunBox UK, while Menn Law Firm Ltd advised US software company Garner Green on the sale of intellectual property rights. Menzies advised the buyer.