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New Deal


Announced

Turtle Beach to acquire Performance Designed Products for $118m.

Financials

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Transaction Value£92m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

Friendly

Electronic Components and Equipment

Computer peripherals

United States

Acquisition

Private

Pending

Single Bidder

Synopsis

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Turtle Beach, a gaming accessory provider, agreed to acquire Performance Designed Products, a third-party gaming accessories company, for $118m. “I’m honored to work with the amazing team at Turtle Beach, now including our new colleagues from PDP, as we continue to deliver fantastic new products for gamers and value to our shareholders. Working with our industry partners, and with the combined expertise of our teams, we will drive a transformational change to the company’s scale and execution with innovation and expansion of our leadership positions across gaming accessory categories,” Cris Keirn, Turtle Beach CEO.

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