SSEK Legal Consultants, acting as Indonesian counsel, has assisted London-based media company Moonbug Entertainment with the acquisition of Singapore-based media company and production studio One Animation.
Moonbug Entertainment is a subsidiary of Candle Media, a media entity backed by private equity firm Blackstone.
One Animation is behind children’s animated shows Oddbods, Antiks, Insectibles and Rob the Robot, among others. Oddbods is broadcast in more than 180 countries and is a three-time Emmy Award nominee.
SSEK partner Denny Rahmansyah led the SSEK team advising on the transaction. He was assisted by lead associate Juven Renaldi and associates Dian Kirana, Agung Kurniawan Sihombing and Talitha Amanda Ekadhani.
ReedSmith (Singapore) acted as international counsel for Moonbug.
One Animation has dozens of employees working with an exclusive vendor in Indonesia, MindFX Studio, which produces content for the studio. SSEK’s work on the transaction included a due diligence of MindFX Studio, where we reviewed contracts and other agreements, employment matters and IP documents. SSEK also advised Moonbug on TMT, employment and IP issues from the perspective of Indonesian law.