Mon, 14 Oct 2019 | BUSINESS SALE
Private equity firm NorthEdge Capital has successfully acquired Catalis, an independent video gaming company located in South East England.
Established in 2012, Catalis is known for providing a number of services via its two divisions: Curve Digital, which publishes independent video games for major consoles and PC platforms, and Testronic, which caters to the film/television and games publishing market by providing quality assurance services.
The company has previously published a handful of titles including Human: Fall Flat, which has sold more than seven million copies worldwide, and is planning to realise Narcos: Rise of the Cartels, A Knight’s Quest, and Peaky Blinders in the coming months.
Catalis has expanded rapidly with offices in the Americas, Europe and Asia, and with more than 1,000 members of staff. Its sheer size and growth rate prompted NorthEdge to invest £46.6 million into the company, which will be used to grow the two divisions further and support product development.
Director at NorthEdge Capital, Phil Frame, said: "Gaming is now the largest entertainment market globally and the continued demand for content, the mainstreaming of gaming culture and investment from global technology operators will continue to drive growth.
"The Catalis team have demonstrated a strong understanding of the market dynamics and the model they have developed is ideally positioned to capitalise on this opportunity."
Catalis’ chief executive, Dominic Wheatley, added: "This is an important move for us. Bringing NorthEdge in to help us grow and continuing to enjoy the support of Vespa Capital is a strong endorsement from two private equity houses.
"Our ambition is to build the next major UK-owned games business to rival those based in other parts of the world. We have the right team and financial backing to take Catalis to the next level."
This is a very exciting high end opportunity with many different income streams from phone, computer, tablet sales and repairs. The business has been trading for 8 years and enjoys a substantial turnover which is derived from shop sales selling phone...
LEASEHOLD
Provides a range of managed services including consultancy, user and infrastructure assurance, monitoring, analysis and information security. Focuses on delivering IT and Information Security Managed Services to SMEs. Offers invited.
LEASEHOLD
Services cover IT support, communications, cloud services and security. All clients benefit from a dedicated Accounts Manager. Works with circa 120 active clients, all of whom provide reliable, repeat business. Offers invited.
LEASEHOLD
|
15
|
|
Nov
|
Carpetright agrees to shareholder takeover deal | BUSINESS SALE
Carpetright has agreed a deal to be taken over by its larges...
|
14
|
|
Nov
|
Scale manufacturer taken over in MBO | MBO/MBI
Weighing scale manufacturer Marsden Weighing Group has been ...
|
13
|
|
Nov
|
Brighton energy firm appoints administrators | ADMINISTRATION
Brighton-based utilities company Toto Energy has gone into a...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources