The management of G5 Games has announced M&A plans. Looking for "interesting investment opportunities"
Swedish publisher with Russian roots G5 Games decided to take up M&A. The plans were announced by the co-founder and CEO of the company Vlad Suglobov.
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As Vlad wrote on his Facebook, by the end of the year, at least $40 million will be placed on the accounts of G5 Games.
The company is going to spend part of this money on acquisitions or investments in games, studios and technologies. Now the publisher is studying the market and looking for options for deals.
We are looking for interesting investment opportunities: we are interested in buying companies and studios operating not only on mobile platforms, but also on PCs with consoles. Consider options for investing in new projects. We are open to everything new and are ready to share our experience and help in such transactions.
Co-founder and CEO of G5 Games
Also in conversation with App2Top.ru Suglobov noted that the company is in a winning position.
We are highly profitable: in the first quarter, the margin was above 18% with a turnover of more than $40 million for the quarter. Accordingly, the amount of money in the account increases every month. Our capitalization is about $600 million. By the end of the year, we expect $40-50 million in the account
Co-founder and CEO of G5 Games
Note that earlier G5 Games was not noticed for active buying or investing in third-party teams. The company mainly expanded its internal staff. According to the CrunchBase portal, the publisher has only acquired Shape Games in 2008.
However, she acquired the rights to third-party titles. For example, in 2018, G5 Games bought the rights to two hidden object games from Artifex Mundi — Nightmares from the Deep and Kate Malone. G5 Games paid $600k for them.
