PLAYDEAD Management Buyout
A new chapter for an unrivalled gaming leader.
January 30, 2012
GP Bullhound acted as the sole financial advisor to the investors of PLAYDEAD on the sale of the Company to founders and management. Based on the strong performance and success of LIMBO, the PLAYDEAD founders and management have purchased the Company from the institutional shareholders.
PLAYDEAD is a leading development studio of downloadable digital games for Microsoft XBLA, Sony Playstation Network and Steam platforms. LIMBO has been acclaimed by the industry for its unrivalled artistic creativity and won numerous awards including Best Downloadable Game, Best Graphics, Excellence in Visual Arts, and Technical Excellence at both E3 and GDC.
“GP Bullhound provided top-notch advice throughout this process – its deep domain expertise in the Games sector is second to none,” said Ulrik Jorring, a Managing Partner at Vaekstfonden, one of the selling shareholders.
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