Acquisition: LBE business of Immotion Group plc
LBE BidCo, Inc has acquired Immotion Studios Limited, Immotion VR Limited and C.2K Entertainment Inc, for a total consideration of approximately USD 25 million.
Immotion is a UK-based immersive entertainment group, providing virtual reality solutions to its customers.
LBE BidCo, Inc. was incorporated by William Luby and James Collis for the purposes of making the acquisition.
Crowe's role and team
Crowe provided financial and taxation due diligence advice for LBE BidCo, Inc. The Corporate Finance team was led by Mitesh Patelia, George Lawford, Ashley Sofocleous and Alex Slater.
Client quote
"Crowe delivered a concise financial and tax due diligence report with the relevant points for us to focus our attention. Additionally, their proactive support in the UK and US throughout the transaction enabled us to close the deal smoothly."
William Luby / James Collis, LBE BidCo, Inc.
