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New Deal


Announced

Epic Games to acquire Tonic Games from Synova.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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games development

United Kingdom

Private

Majority

Single Bidder

Cross Border

Friendly

Private Equity

computer games

Gaming

Acquisition

Pending

Synopsis

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Epic Games, an interactive entertainment company and provider of 3D engine technology, agreed to acquire Tonic Games, a company engaged in the development and publishing of multiplayer computer games, from Synova, a private equity firm. Financial terms were not disclosed. “Synova supported our ‘original IP’ strategy wholeheartedly, providing counsel and insight as we scaled. It has been a genuine and value-added partnership with them and they earned the trust that's so pivotal to a successful investor relationship," Dave Bailey, Tonic CEO & Co-Founder.

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