Simpson Thacher Represents Placement Agents in Equity Private Placement in Connection With Acies Acquisition Corp.’s Merger With PLAYSTUDIOS
02.02.21
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Simpson Thacher represented J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, LionTree Advisors LLC and Oppenheimer & Co. Inc. as placement agents in connection with a fully committed PIPE financing of $250 million as part of PLAYSTUDIOS, Inc.’s (“PLAYSTUDIOS”) entry into a definitive agreement and plan of merger with Acies Acquisition Corp. (Nasdaq: ACAC), a special purpose acquisition company, that will result in PLAYSTUDIOS becoming a publicly listed company. Upon the closing of the transaction, the combined company will be named PLAYSTUDIOS and remain listed on Nasdaq under the new ticker symbol MYPS.
PLAYSTUDIOS is the developer and operator of award-winning free-to-play casual games for mobile and social platforms, including its playAWARDS loyalty marketing platform, which enables players to earn real-world rewards from a portfolio of global entertainment, retail, technology, travel, leisure and gaming brands across 15 countries and four continents.
The Simpson Thacher team included Art Robinson, Tony Rim and Gianna Ceophas (Capital Markets); Drew Purcell and Zach Fialkow (Tax); and Pasco Struhs (ECEB).