
PE-backed Bigpoint acquires Little Worlds Studio
Bigpoint, backed by Summit Ventures and TA Associates, has acquired Lyon-based mobile games designer Little Worlds Studio.
Hamburg-based Bigpoint, an online game developer and publisher, is continuing with its expansion plan and has created a new studio in France. The initial production team will continue to develop the former Little Worlds games, as well as to begin producing mobile games for Bigpoint.
According to unquote" data, Summit and TA bought a majority stake in Bigpoint in April 2011, in a deal that valued the business at around $600m. At the time, the investors said they would not immediately inject fresh capital but planned to provide further funding for bolt-on acquisitions.
GMT Communications and Peacock Equity were the vendors in the $350m all-equity transaction, having bought the business for €70m in 2008.
Bigpoint has a portfolio of 65 online games and has approximately 190 million registered users. It employs 700 people across its Hamburg, Berlin, San Francisco, Malta and Sao Paulo sites. Turnover is in the region of €100m.
Company
Founded in 2004 and based in Lyon, Little Worlds develops and launches mobile games for a variety of genres. It has developed 70 games for Facebook, iPhone, iPad, Android, PC and Mac for clients including Ubisoft, Anuman and Atari.
People
Khaled Helioui is CEO of Bigpoint. David Chomard is former head of Little Worlds and new head of Bigpoint Lyon.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater