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New Deal


Announced

Team17 Group to acquire astragon Entertainment for €100m.

Financials

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Transaction Value£83m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales3.9x
EV/EBITDA17.54x
Share Price Premium-
One Off Charge-

Tags

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video game developer

Cross Border

Germany

Acquisition

Majority

Private

Friendly

Gaming

Pending

Single Bidder

Synopsis

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Team17 Group, a global games label, creative partner and developer of independent premium video games and publisher, agreed to acquire astragon Entertainment, a German video game publisher, for €100m ($114m). "We are delighted to welcome the astragon team into Team17, and believe we are joining forces with one of the leading experts in the simulation games space. They have decades of game creation and publishing experience, have built an outstanding and highly devoted community and have developed an outstanding portfolio of owned IP across this genre," Debbie Bestwick, Team17 CEO.

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