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Oberon Media is the world’s leading multi-platform casual games company, with expertise in the online, social, mobile, interactive TV and retail categories. Oberon brings together the most compelling casual game content, distributes it through global partners in addition to providing innovative services and solutions.
Cypress acted as financial advisor to Oberon’s Board of Directors in connection with the company’s recapitalization transaction. With the assistance of Cypress, Oberon successfully structured and executed a preferred stock rights offering using net proceeds to fund multiple strategic growth and financial initiatives. Major existing shareholders that backstopped the financing include certain investment funds affiliated with Goldman Sachs, Oak Investment Partners, and Infinity I-China. Cypress rendered a fairness opinion in connection with the recapitalization transaction.
Cypress provided value-add expertise in the structuring and valuation of the rights offering that ultimately achieved high levels of participation while dramatically simplifying and stream-lining the company’s complex capital structure. In conjunction with the company’s management team, Cypress assisted in the shareholder road show process which included comprehensive dialogue and analysis of the benefits of the recapitalization transaction with respect to all classes of the capital structure.