French private equity fund PAI Partners has completed its acquisition of global tabletop game powerhouse Asmodee Group from Eurazeo, the company announced this week. The deal, for an acquisition price of around $1.4 billion, was originally announced in July (see "Eurazeo Finds Buyer for Asmodee").
Barely a week after the deal was announced, a major restructuring of Asmodee North America began, with CEO Christian Petersen scheduled to leave the company at the end of 2018, and the company to be split into separate publishing and distribution units (see "The Other Shoe Drops: Asmodee North America Begins Major Restructuring").
Meanwhile, Asmodee Group is continuing to make acquisitions to boost its worldwide sales. This week, the company announced the acquisition of ADC Blackfire Entertainment, which sells collectible card games, toys, board games and pop culture items in Germany, Czech Republic, and Romania. The two companies have had a "longstanding relationship," according to the announcement. In Germany, where both companies operate, the Group will maintain separate operations "for the foreseeable future."
And in August, Asmodee Group announced the acquisition of Brazilian publisher Galapagos Games, which had been distributing Asmodee games in Brazil for the past five years.
PAI Partners New Owners
Posted by Milton Griepp on October 25, 2018 @ 5:32 am CT
MORE GAMES
Now in Bigger Boxes, for 'Lord of the Rings: The Card Game'
April 24, 2024
Fantasy Flight Games will release Ered Mithrin Campaign Expansion and Ered Mithrin Hero Expansion, repackaging materials for Lord of the Rings: The Card Game in bigger boxes.
To Playmates Toys
April 24, 2024
Hasbro has awarded global rights to produce and distribute Power Rangers product to Playmates Toys.
MORE NEWS
Paperback Compendium Coming in September
April 24, 2024
The paperback compendium is slated for September release.
From Fantasy Flight
April 24, 2024
Fantasy Flight Games will release a new deck for Marvel Champions: The Card Game based on the X-Men character Jubilation (Jubilee) Lee.