Video overview of Enter Capital’s M&A deal tracking research within the Gaming industry for the first 4 months of 2020
Wednesday, June 17, 2020
Enter Capital Team has created a video overview of Enter Capital’s M&A deal tracking research within the Gaming industry for the first 4 months of 2020.
Valuations were strong and we even saw particularly high multiples in 2020: a $148M acquisition of Funcom by Tencent Games at 16.8x EBITDA or 7.9x revenue.
The largest deals so far in 2020 was the acquisition of Jagex by Macarthur Fortune for up to $530M, followed by the acquisition of Saber Interactive by Embracer Group (THQ) for up to $525M, and Storm8 by Stillfront Group for up to $300M.
2020 has seen a decline in the deal count by around 20% vs 2019 (however, the latter was one of the most active years for transaction count over the last decade): 45 vs 58 deals closed.
More stats, analytics by segments, and some fun World War Z Game gameplay in the video streamed by our analyst, Mitchell John.
Given the ongoing COVID crisis, if you need a quick call over Zoom regarding your M&A strategy free of charge or in exchange for donating to any charity supporting medical workers during these crazy times, please send Mitch a note at mitchell@entercapital.com