Tikehau Investment Management has arranged alongside European Capital the unitranche financing, backing the acquisition of Asmodée by Eurazeo Capital. Created in 1995 by Marc Nunès, Asmodée is an independent publisher and distributor of games and trading card games in Europe.
Tikehau Investment Management (“Tikehau IM”) has arranged alongside European Capital the €65 million unitranche financing, backing the acquisition of Asmodée (the “Group”) by Eurazeo Capital (“Eurazeo”).
Created in 1995 by Marc Nunès, Asmodée is the leading independent publisher and distributor of games and trading card games in Europe with operations in 8 countries including the UK, Benelux, the USA, and France where it is a key player. The Group’s success stems from its unique ability to identify and pioneer the development of bestselling modern social games such as Time’s Up, Dobble and Jungle Speed. The Group also distributes Pokemon trading cards in France, Belgium, Spain and the UK.
The acquisition was completed in compliance with the terms disclosed on November 12, 2013, following approval from the European competition authorities. On one side, the transaction structure comprises equity, primarily provided by Eurazeo together with Asmodée’s management and founders for a total amount of €117.8 million. In addition, a €65 million unitranche debt has been arranged by Tikehau IM and comprises of a facility dedicated to financing the Group’s external growth strategy.
Tikehau IM and European Capital provided a tailor-made financing solution, combining flexibility and speed of execution, while adapting to the characteristics and needs of Asmodée Group.
Mathieu Chabran, Co-founder of the Tikehau Group, commented: “Tikehau IM is pleased to have worked alongside Eurazeo and Stéphane Carville, CEO of Asmodée, to provide a financing structure which is capable of matching the Group’s present needs and future challenges. Our innovative and flexible approach encourages us to consistently adapt ourselves to provide the most appropriate solution to the companies we support”.
About Tikehau Group: www.tikehaucapital.com
Tikehau Group was set up in 2004 to invest and manage long-term capital for institutional and private investors in various asset classes (credit, listed and private equity, real estate). In 2007, Tikehau Group launched Tikehau IM, an investment company specialising in fixed income products that has become in just a few years one of the leaders on its market. Tikehau Group is majority held by its managers, alongside top tier institutional partners, such as Crédit Mutuel Arkéa and Unicredit. As of December 2013, Tikehau Group manages nearly €3 bn of assets.
Tikehau Group : +33 1 40 06 26 26 Image 7 : + 44 (0) 7818 641 803
Alexandra Imbert – [email protected] Leslie Jun