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New Deal


Announced

Completed

Cathay Capital completed the acquisition of a minority stake in Shiro Games for €158m.

Financials

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Transaction Value£138m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Friendly

video games

France

Gaming

Domestic

Minority

Private Equity

Private

Completed

Synopsis

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Cathay Capital, an investment firm, completed the acquisition of a minority stake in Shiro Games, a game development studio, for €158m. "We are delighted to welcome the Cathay team to our capital. Their long-standing expertise in supporting and structuring fast growing companies will allow us to begin a new page in the history of Shiro Games while maintaining our identity and values and furthering our international expansion. Together, we will continue our adventure to become a leading developer and publisher in Europe," Nicolas Cannasse, Shio Games CEO.

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