Fast-growing Guildford听developer听Supermassive Games has sold a minority stake in its business to Denmark鈥檚听Nordisk Games.听
Supermassive, which has around 200 staff,听is behind the immersive Dark Pictures Anthology series on PC, Xbox and PlayStation.听听
Revenues at Supermassive Games have seen strong growth over recent years, rising from 拢9m in 2018 to 拢16m in 2019.听
The acquirer听is part of one of Scandinavia鈥檚 largest media groups, Egmont, and is building a portfolio of leading games studios in Europe.听
The deal will see Nordisk Games take 30.7% ownership of Supermassive Games and will help facilitate the development of further game titles alongside the existing Dark Pictures Anthology. 听
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Grant Thornton听Associate Director Will Rose, one of听Supermassive Games鈥� advisors on the deal,听said: 鈥淭he founders of Supermassive Games, Pete and Joe Samuels, have done a brilliant job in building one of the UK鈥檚 leading independent games studios.听听
鈥�The deal with Nordisk will allow them to accelerate their recent growth and build on the success of the Dark Pictures Anthology.听
鈥淭he UK creative and digital sector is truly world-leading, as evidenced by the strong appetite we are seeing from trade and financial buyers, including the stand-out $1 billion-plus acquisition of Codemasters听by Electronic Arts which Grant Thornton was also involved in.鈥�听
Joe Samuels, shareholder of Supermassive Games,听said:听鈥淕rant Thornton provided invaluable support to the transaction.听听
鈥�Technically they were able to support the more complex areas, and in particular Will Rose was able to represent our business potential in challenging market dynamics.鈥�听