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New Deal


Announced

GN Store to acquire SteelSeries from Axcel for $1.25bn.

Financials

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Transaction Value£916m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.7x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Acquisition

Single Bidder

Domestic

Pending

Private

Friendly

Gaming

gaming platform

Denmark

Majority

Synopsis

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GN Store, a Danish manufacturer of hearing aids and headsets, agreed to acquire SteelSeries, a Danish manufacturer of gaming peripherals and accessories, including headsets, keyboards, mice, controllers, and mousepads, from Axcel, a private equity firm, for $1.25bn. "SteelSeries is a premium gaming gear brand with a single-minded focus on helping gamers achieve glory. We are thrilled to become part of GN. The fit is perfect as we both share a relentless drive for creating cutting-edge technology to delight our customers. We see great upside in leveraging each organization’s unique strengths to build an even more formidable, unified company," Ehtisham Rabbani, SteelSeries CEO.

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