Schoenherr, working with Latham & Watkins, has advised Chaos on its merger with Enscape. PwC Legal reportedly advised Enscape in Germany.
Closing is expected in the first quarter of 2022, pending regulatory approval.
According to Schoenherr, Bulgaria's “Chaos is a global leader in computer graphics technology, empowering artists and designers to create photorealistic imagery and animation across all creative industries. Founded in 1997, the company develops 3D rendering and simulation software that is used daily by top design studios, architectural firms, advertising agencies, and visual effects companies around the world.”
Founded in 2017, Enscape offers solutions that connect directly to modeling software for the architecture, engineering, and construction industry, integrating design and visualization workflows.
According to the firm, the transaction “will create a global leader in the 3D visualization and design workflow software sectors, with a focus on the AEC, visual effects, and product design verticals. The newly combined company will retain the Chaos name and all products from both company portfolios will continue to operate and be available under their respective names. The joint workforce will total more than 500 employees across the globe with corporate headquarters in Karlsruhe, Germany and additional offices in Sofia, Prague, Tokyo, Seoul, Los Angeles, and New York.”
Schoenherr’s team included Sofia-based Partner Alexandra Doytchinova, Attorneys at Law Stela Pavlova-Kaneva, Ventsislav Tomov, and Ivelina Vassileva, and Associates Gergana Roussinova-Ivanova and Kristina Bozhinova, as well as Prague-based Attorneys at Law Stanislav Bednar, Libuse Docekalova, and Helena Hangler.