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Focus Home acquires Deck13
Posted on Friday, 26 June 2020 11:04
Focus Home Interactive has acquired German game development studio Deck13 Interactive for EUR 7.10 million, comprising EUR 6.50 million in cash and EUR 600,000 in shares.
The transaction is in line with the buyer’s enhance, evolve and explore strategy and will allow the company to take full control of the target’s intellectual property (IP).
Furthermore, Focus Home’s acquisition of Deck13’s publishing service for indie-developments will enable the group to examine new opportunities for the business.
The deal was funded with a new bank financing worth EUR 46.00 million set up in February 2020 with five banks and Bpifrance Financement.
Headquartered in Frankfurt, Deck13 is billed as one of Germany’s leading video game developers and publishers.
Its titles include the likes of The Surge, Lords of the Fallen, Black Sails, TransOcean and SpaceHawk.
The group is currently working on The Surge 2 and a new unannounced IP.
Deck13’s publishing company, Deck13 Spotlight, helps independent developers bring their projects to wider audiences and has access to major console markets.
For the financial year ended 31st December 2019, the target generated revenue of EUR 5.50 million.
Jürgen Goeldner, chairman of Focus Home’s management board, said: “This acquisition marks a major milestone in our growth story and will strengthen our business model.”
He added the bank financing used to fund the deal will also be used to support future developments.
Formed in 1996, Focus Home is an independent publisher of video games.
The group helps international studios to develop, produce and finance their projects, among other activities.
Focus Home has published a number of gaming titles, including Vampyr and Call of Cthulhu.
During the financial year ended 31st March 2020, the company posted revenue of EUR 142.80 million, up 13.0 per cent from EUR 126.00 million in the preceding 12 months.
Zephyr, the M&A database published by Bureau van Dijk, shows there have been 1,137 deals targeting custom computer programming services providers announced globally in 2020 to date.
Worldline agreed to pick up France-based Ingenico Group for EUR 7.84 billion in the most valuable of these.
© Zephus Ltd