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New Deal


Announced

Completed

Keywords Studios completed the acquisition of Smoking Gun Interactive for CAD40m.

Financials

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Transaction Value£26m
Consideration TypeOrdinary Shares, Cash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Gaming

Majority

Friendly

Single Bidder

Canada

Acquisition

Private

video game development

Cross Border

Completed

Synopsis

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Keywords Studios, the international technical and creative services provider to the global video games industry, completed the acquisition of Smoking Gun Interactive, a 68 person video game development studio based in Vancouver, Canada, for CAD40m. "We are delighted to welcome John, Drew, Angie and the highly skilled Smoking Gun team to Keywords. Smoking Gun has a 15 year history of high quality game development and the studio's expertise in casual and RTS development for mobile games combined with its experience in live operations games support are valuable extensions of our client offering. The acquisition builds on our presence in the Vancouver area, which is a rich source of talent and one of North America's video gaming hubs. We are really looking forward to working with the Smoking Gun team and supporting the studio's continuing growth as part of the Group," Bertrand Bodson, Keywords Studios CEO.

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