Keywords has announced its largest deal of the year so far, the acquisition of High Voltage Software (HVS), a US-based, full-service, work-for-hire, AAA games developer for up to US$50m, payable two-thirds up front, with one-third after 12 months subject to performance conditions. Keywords will make an initial payment of US$33.5m, with US$23.75m in cash. The total consideration represents 5.6x HVS FY21e EBITDA (c US$9m), within Keywords’ target range of 5–7x EBITDA. HVS is Keywords’ fifth deal o ....
16 Dec 2020
Keywords Studios - Another electrifying M&A deal
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Keywords Studios - Another electrifying M&A deal
Keywords Studios plc (KWS:LON) | 1,148 11.5 0.1% | Mkt Cap: 912.5m
- Published:
16 Dec 2020 -
Author:
Richard Williamson -
Pages:
4
Keywords has announced its largest deal of the year so far, the acquisition of High Voltage Software (HVS), a US-based, full-service, work-for-hire, AAA games developer for up to US$50m, payable two-thirds up front, with one-third after 12 months subject to performance conditions. Keywords will make an initial payment of US$33.5m, with US$23.75m in cash. The total consideration represents 5.6x HVS FY21e EBITDA (c US$9m), within Keywords’ target range of 5–7x EBITDA. HVS is Keywords’ fifth deal o ....