Situation

agnitio was aware of SocialSpiel from its inception since 2009 (composed of senior staff from Rockstar Vienna). After maintaining contact with the studio for several years, Agnitio made a principal investment in the company and Shum was appointed as a Board director. As the company continued to grow and achieved a break even position, it developed several compelling game concepts and engaged Agnitio as its financial advisor to solicit interest from the largest global publishers worldwide

Approach

agnitio identified the leading global publishers worldwide that would be the most appropriate investors & publishers to provide the requisite equity financing into the company along with publishing capabilities to launch the company's next title, Legacy Quest. Nexon was chosen amongst a number of candidates to be the sole investor & publisher given its global publishing capabilities, reputation and willingness to support the studio on a long term basis agnitio negotiated and structured both an equity investment as well as exclusive global publishing deal with Nexon on behalf of the company 

Transaction

The transaction was announced in May 2014 and terms were not publicly disclosedagnitio is a Board director of SocialSpiel and continues to provide strategic advisory services to the company


Situation

Future Games of London (FGOL) quickly established itself as a leading mobile free to play studio based in London by 2011. After releasing various iterations of its widely popular title Hungry Shark, FGOL achieved profitability and initially retained agnitio to raise a Series A round of investment. After approaching a wide range of European VCs and receiving a term sheet the founders decided to focus on the next title in development & cease discussions. Once its next iteration, Hungry Shark Evolution was launched and quickly became a worldwide grossing hit, FGOL believed it was more appropriate to consider selling the company.  The founders of FGOL decided to retain Agnitio again to achieve an exit of the studio. 

Approach

Agnitio contacted the largest global publishers worldwide that would be the most appropriate acquirers based upon the geography, size and casual to midcore game focus of FGOLUbisoft was ultimately chosen as the most appropriate strategic buyer based upon the relationship that developed during the sale process and the potential synergies that could be realized post transaction. Agnitio negotiated the deal structure, valuation, and integration plan on behalf of the company.  

Transaction

The transaction completed in October 2013. Terms were not disclosed.


Situation

Boombang Games SL was introduced to agnitio through mutual industry contacts. Towards the end of 2009, Boombang began experiencing a significant revenue uplift, registrations and active users within its virtual world. Having attempted to raise funds for expansion in the past that proved unsuccessful, the Company engaged agnitio to solicit investment from European venture capital firms and leading online games publishers worldwide.

Approach

agnitio identified the leading European venture capital technology/game focused investors and global online games publishers that would be most interested in investing in Boombang to assist the company in establishing a global footprint and scaling the business for rapid growth. Ultimately the company decided to pursue a transaction with Nexon, one of the largest games publishers worldwide (and listed in Japan). agnitio structured, negotiated and executed the entire transaction on behalf of the company.

Transaction

Terms were not publicly disclosed. agnitio continues to provide strategic advisory services to Boombang (managing financial and reporting requirements for Nexon) and is a minority investor and Board Observer.


Situation

goalrun initially instructed agnitio to assist in writing its business plan and helping shape its strategic direction. As a result of its Strategy Review, the senior management team of goalrun engaged agnitio to assist in identifying and executing potential acquisitions. agnitio structured, negotiated and successfully executed the acquisition of Football.Mitoo.co.uk, the leading UK grassroots league management and fixtures company, that had pioneered the grassroots football movement in the UK for over nine years.

Approach

The senior management team in conjunction with agnitio conducted an industry overview of the leading football sites in the UK and based its selection process upon a number of criteria including revenue generation, profitability, valuation and monthly unique visits per month by end users. goalrun instructed agnitio to pursue the acquisition of Football.Mitoo.co.uk based upon the results of the Strategy Review prepared by agnitio which culminated in a formal presentation and ultimate approval by the goalrun's Board. agnitio negotiated, structured and executed the transaction from start to finish.

Transaction

Terms were not publicly disclosed of the transaction. agnitio capital also assisted goalrun in raising £500,000 from a number of high net worth individuals.


Situation

ATS Praha was introduced to agnitio through its US based shareholder, Advanced Telecom Services, Inc. to provide corporate finance advice approximately two years prior to eventually selling to One-2-One S.A. Prior to the sale of ATS Praha, agnitio identified and approached various buyers on ATS Praha’s behalf and succeeded in soliciting bids for the company which were not pursued due to the structure of the offers. agnitio assisted in the structuring, negotiations and successfully managed the entire process of the sale of ATS Praha s.r.o. to One-2-One S.A. and MCI Management S.A.

Approach

Given its experience in the mobile entertainment sector, Advanced Telecom Services, Inc. retained agnitio in 2005 to assist with the sale of ATS Praha, the leading Czech based mobile entertainment business. agnitio garnered a number of previous bids for the Company that were not pursued due to the unappealing deal structure offered to the shareholders of ATS Praha. Eventually, One-2-One was identified as a serious buyer and was willing to make an all cash offer for the assets ATS Praha.

Transaction

ATS Praha was sold for a total consideration of $4.45 million with an initial upfront payment of $1.45 million and a deferred payment of $3 million held in escrow and released once all tax and regulatory approvals were confirmed.


Situation

To assist Monstermob in its rapid expansion to become one of the leading global mobile entertainment providers, agnitio were retained on an ongoing basis to help define and execute Monstermob's M&A strategy. agnitio originated, structured, negotiated and successfully executed the acquisition of 9 Squared Inc., one of the leading US branded mobile entertainment players that directly provides its applications to network operators across the US, Latin America and Asia.

Approach

Based upon agnitio's deep insight into the global mobile entertainment sector, a number of global acquisition candidates were identified by agnitio. Based upon the growth prospects, revenues and profitability, and complementarity of each candidate, 9 Squared was ranked as one of the highest targets. agnitio originated the acquisition of 9 Squared on behalf of Monstermob and provided the acquisition rationale in a Board Summary Paper for the transaction which received approval by Monstermob's Board. agnitio was then instructed to structure and negotiate the transaction on behalf of Monstermob.

Transaction

Monstermob acquired 100% of the share capital of 9 Squared for an upfront cash consideration of $2,949,563 plus a deferred consideration, which was paid on 21 March 2005, through the issuance of 5,525,000 new Monstermob shares which at the time were worth £16.9 million.


Situation

We have been canvassing the mobile data industry across Europe since 2000 and consequently established relationships with the leading players in the mobile data market including iTouch, the London listed mobile value added services provider. In order to accelerate iTouch's expansion plans agnitio were retained to source a diverse range of potential acquisition candidates that met iTouch’s evolving acquisition criteria. 

Approach

agnitio identified Movilisto in 2001 as one of the leading premium SMS businesses in Spain and a potential acquisition candidate. agnitio verified the availability of this strategic partner for iTouch and arranged an introduction to Movilisto. After presenting comprehensive commercial, technical and financial analysis of the Movilisto business to iTouch, agnitio was retained to advise iTouch on structuring and negotiating its acquisition of Movilisto. 

Transaction

On 25th March 2003, iTouch announced that it had agreed to acquire Movilisto for a maximum consideration of €60 million subject to shareholder approval. iTouch paid an initial consideration of €35 million, of which €20 million was satisfied by the issuance of shares and €5 million in cash at completion. An additional amount of €10 million was paid at completion for working capital needs. A further €25 million will be paid in a combination of cash and shares in the event Movilisto achieves certain financial targets in the 24 month period following completion.