Global Top Round has launched a new branch focused on mergers and acquisitions.
The company, best known for its work as an accelerator for startup games studios, will concentrate on fundraising – either equity, debt or a mix of both – and advising on acquisitions.
GTR will also assist companies who are looking to sell 100% of their studio.
The new M&A branch will focus on deals of between $10 million and $250 million. It will be led by head of M&A Jacques Benchetrit, who previously held a similar role at Zordix.
Global Top Round continues to expand its business in the games industry, launching a seed program earlier this year that offers early-stage studios investments of between $150,000 and $300,000.
The creation of an M&A branch comes during a period of consolidation in the games industry, and one of the biggest years for such deals on record.
In 2022 alone, we’ve seen Microsoft’s proposed $68.7 billion acquisition of Activision Blizzard, Take-Two’s $12.7 billion purchase of Zynga, Sony buying Bungie for $3.6 billion, Embracer snapping up Crystal Dynamics, Eidos Montreal and the now-closed Square Enix Montreal for $300 million, and Netflix acquiring multiple studios, including Spry Fox and Night School Studio.
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