PE firm snaps up independent video game firm

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."

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