Deal Announcement – Catalis Group

Integritas Advisory advised the management team on the acquisition of Catalis Group, one of the UK’s leading independent video games companies, in a deal valuing the business at £90million.  The acquisition was funded by investments from NorthEdge Capital, and reinvestments by existing shareholders Vespa Capital and the management team.  Debt facilities were provided by Tosca Debt Capital and HSBC.

Catalis, which has been led by CEO Dominic Wheatley since 2012, provides a range of services into the high growth, global video games market through two divisions: Curve Digital; and Testronic. Curve is an award-winning publisher of independent video games across all major console and PC platforms with a catalogue of titles including Human: Fall Flat, which has sold in excess of 7 million copies to date. Testronic provides quality assurance services to the global games publishing and film and TV markets. The business has experienced rapid expansion and now employs over 1,000 people across its headquarters in London and offices in Los Angeles, Warsaw, Santiago, Brighton, Croydon and Bangkok.

The Integritas Advisory team comprised Mark Davis and Patricia Allen.  NorthEdge Capital’s advisors included GCA Altium and Eversheds Sutherlands. Catalis and the management team were also advised by Zeus Capital, Liberty Corporate Finance and Squire Patton Boggs.