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Cross-border collaboration delivers string of acquisition successes

2022-01-25
We are proud to report that PKF International member firms in the UK, Ireland, Germany and the US have worked together to support Team17 Group plc on several recent acquisitions.

We are proud to report that PKF International member firms in the UK, Ireland, Germany and the US have worked together to support Team17 Group plc on several recent acquisitions.

Team17 is a global games entertainment label, headquartered in West Yorkshire and listed on the London Stock Exchange. Corporate finance teams at PKF Francis Clark, PKF O’Connor Leddy Holmes, PKF Fasselt and PKF O’Connor Davies have supported the group’s expansion, advising on a number of high-profile deals.

Most recently, a PKF team led by PKF Francis Clark’s Sam Phillips and PKF O’Connor Leddy Holmes’s David Lucas has provided a full suite of buyside advisory services (including financial due diligence and deal negotiation advice) on the acquisition of Astragon Entertainment, a leading German-based games developer. This transaction, worth €100m, also involved advice from Martin Franke’s team at PKF Fasselt in Cologne.

In addition to the Astragon deal, member firms provided transaction services advice to Team17 on the acquisitions of San Francisco-based games publisher The Label earlier in 2022 and of Dublin-based app developer StoryToys in July 2021.

Mark Crawford, CFO of Team17, said, “The PKF teams across Bristol, Dublin, Cologne and New Jersey have been invaluable in supporting us throughout the deal process on two further cross-border acquisitions. Once again, they worked seamlessly with our management team, and from the outset we really felt Sam, David, Martin and their colleagues understood our objectives and shared our commitment to achieving this successful completion.”

Team17’s experience is an excellent example of the strength of the PKF International network supporting clients across borders. Our member firms work closely together with the shared goal of providing outstanding service and contributing to clients’ growth.

For more information about PKF International’s corporate finance offering, please click here.

Please refer to our member firms’ websites via the links here for further details of the services they provide: PKF Francis Clark; PKF O’Connor Leddy Holmes; PKF Fasselt; and PKF O’Connor Davies.

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