GP Bullhound advised astragon Entertainment on its EUR100m acquisition by Team17
Spearheading the working simulation game industry.
Duesseldorf, 13 January 2022 - GP Bullhound acted as exclusive financial advisor to astragon Entertainment on its acquisition by Team17 Group plc ("Team17"), a British video game developer and publisher, for EUR100m.

Founded in 1998, astragon is widely known as a successful publisher and distributor of sophisticated simulation games for PC, consoles and mobile platforms. The company has gained a reputation for its well-received franchises including its bus, firefighting, police and construction simulators. In addition to publishing its own games, astragon aids other publishing and development studios in publishing, licensing and distributing their games in the DACH region as well as internationally.

Julia Pfiffer and Tim Schmitz, co-CEOs of astragon Entertainment, commented: “Our goal is to become the number one brand in the field of ‘working’ simulation games. Collaborating with Team17 will enable and help us to evolve and focus on this strategy. We look forward to the possibilities that are opened up by working with what we believe to be a great partner to deliver our ambitions. GP Bullhound´s expertise and commitment over the past few months have helped us find the right partner for this exciting new chapter.”

Julian Riedlbauer and Alec Dafferner, Partners at GP Bullhound, commented: ”We are delighted to have advised the astragon team and its shareholders, it has been an absolute pleasure to work with them. Choosing such a strong partner in publicly listed Team17 will undoubtedly pave the way for the astragon team to achieve their goal of becoming the leader in the simulation game industry.”

The transaction is further testament to GP Bullhound’s deep domain expertise in advising companies in the games software sector, including Exit Games’ minority investment by Skillz, the acquisition of Quixel by Epic Games, Innogames by MTGx, and of Playdemic by Warner Bros, among many others.

Enquiries
For enquiries, please contact:
Julian Riedlbauer, Partner, [email protected]
Alec Dafferner, Partner, [email protected]

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com

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