everplay has issued a H1 update showing strong trading with a good reception for its new game releases, alongside continued robust performance from the back catalogue of titles. To accelerate growth, everplay has also acquired the rights and assets of a four-game franchise, Hammerwatch, and the publishing rights for a further two games for a combined maximum consideration of less than £8.0m. In our view, the acquisition of IP, rather than full development studios, is a cost effective way of stre ....
