Enter Capital has recently closed an M&A transaction between Sperasoft Inc, USA and Keywords Studios Plc (LSE:KWS), UK.
Sperasoft is a leading Game and IT development company with offices in the USA, Poland, and Russia. The company mainly serves Fortune 500-1,000 video gaming publishers and developers. Sperasoft’s clients include Electronic Arts, Ubisoft, Riot Games, Warner Brothers and Sony among others. Recent titles include Mass Effect Andromeda, League of Legends, Star Wars Battlefront, Kill Strain, Quantum Break, Immortals, Injustice Gods Among Us, and Assassin Creed Origins.
The deal consideration of $27 million includes $22 million in cash ($1 million deferred) and $5 million in stocks. A valuation multiple for Deal consideration to adjusted EBITDA for 2017 is estimated at 13.5x., which is an outstanding result for the industry.
Congratulations on the deal to founders of Sperasoft: Alex, Igor and Mark!
Enter Capital Team