Fils has advised Freepik on the acquisition of EyeEm, a renowned German stock photography company that filed for bankruptcy earlier this year. The Spanish content provider, which is owned by EQT, plans to revive the platform and pay off all outstanding debts to EyeEm’s 140,000 contributors.
This acquisition is Freepik’s latest international growth effort, following the acquisitions of Videvo (UK), Iconfinder (Denmark), and Original Mockups (Colombia) in 2022. FILS provided legal advice on all these deals.
This deal will allow Freepik to enrich its content library with EyeEm’s unique catalogue of 160 million photographs, built by its contributor community. Founded in 2011, EyeEm allowed photographers to sell pictures through its platform – focusing on high-end content – with EyeEm retaining part of the fees. In 2022, EyeEm was acquired by British-based Talenthouse before filing for bankruptcy at the beginning of 2023.
Alejandro de Müller (partner) and Maria Rodrigo (senior associate) led the legal advice to the Spanish company, which is a longstanding FILS client. Wallberg also participated in the deal as Freepik’s legal advisor in Germany.