Announced
Completed
Financials
Tags
video game store
Entertainment
Acquisition
United States
Private
Completed
video games
Casinos and Gambling
Majority
Friendly
Single Bidder
Private Equity
De-SPAC
Reverse Takeover
Synopsis
TPG Pace Holdings, a global alternative asset firm, completed the acquisition of Accel Entertainment, which operates as a video game store, for $884m. “Accel has spent the last decade establishing itself as the gold standard in the gaming-as-a-service industry, delivering high levels of growth and profitability. This transaction is perfectly aligned with our business objectives. Not only is Accel itself a leader, but gaming-as-a-service is one of the fastest-growing segments in gaming with a substantial addressable market. Andy and his team have built an outstanding company that is well-positioned to continue its rapid growth. We look forward to working closely with the Accel team as they embark on their next chapter and bring this B2B solution to new markets,” Karl Peterson, TPG Pace President, and CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.