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Announced

Completed

Frontier Developments completed the acquisition of Complex Games for £12m.

Financials

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Transaction Value£11m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Single Bidder

Cross Border

Private

Canada

Friendly

game development

Gaming

Acquisition

Majority

Synopsis

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Frontier Developments, a developer and publisher of videogames based in Cambridge, completed the acquisition of Complex Games, a game development studio, for £12m. "When we launched our third-party publishing strategy in 2019 we were excited by the potential to align our Frontier Foundry development partners more formally with Frontier through acquisition. Our experience with Complex Games on Warhammer 40,000: Chaos Gate - Daemonhunters has been terrific, and I am delighted to welcome Noah and the team to Frontier, with a view to growing and evolving our development team in Manitoba, Canada. This is Frontier's first acquisition and we will continue to explore opportunities to grow Frontier's resources to further develop and nurture our portfolio," Jonny Watts, Frontier CEO.

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