About the Client
TransGaming, founded in 2001 and headquartered in Toronto, Canada is a leading provider of the digital distribution of games through Smart TV’s, set-top boxes and the connected living room as well as cross-platform game enablement, 3D graphics rendering and parallel computing.
About the Deal
GP Bullhound acted as the exclusive financial advisor to TransGaming Inc. (TSXV:TNG)(“TransGaming”) on the sale of its cross-platform portability technology to NVIDIA Corporation (NasdaqGS:NVDA) (“NVIDIA”). With the acquisition, NVIDIA will open an office in Toronto, its first in Canada. This office is initially expected to be staffed with approximately 15 employees from TransGaming.
Dennis Ensing, CEO of TransGaming commented: “The sale of our porting and game enablement technology to NVIDIA was important for us to be able to focus on the growth engine of our business and strengthen its financial structure. GP Bullhound made a significant impact in guiding our transaction strategy, then helping us manage both the approaches to identified buyers and negotiations masterfully to generate a win-win outcome.“
Ali Dagli GP Bullhound Partner, commented: “We are happy to have advised on a very strategic deal for both TransGaming and NVIDIA and are looking forward to witness the great value Gavriel and his team creates at their new home for NVIDIA and NVIDIA customers.”