Modern Times Group Acquires Plarium for $620 Million
Deal News | Nov 20, 2024 | Gernandt & Danielsson Advokatbyr
Modern Times Group (MTG) has announced its acquisition of Plarium, an international gaming studio renowned for creating popular titles such as RAID: Shadow Legends. The acquisition involves a transaction of $620 million, symbolizing MTG's continued expansion in the online gaming sector. Plarium, based in Israel, was initially acquired by Aristocrat in 2017 and has since grown to employ approximately 1,300 global staff members. This acquisition will be partially financed by MTG's cash reserves along with committed financing summing up to $460 million. The deal was facilitated by legal advisors Gernandt & Danielsson, whose team was led by partners Fredrik Palm, Oscar Anderson, Mikael Bolling, and supported by associates Alexander Thörnberg and Gustaf Hellberg. The transaction highlights the strategic imperatives for MTG as it strengthens its portfolio and competitive edge within the gaming industry.
Sectors
- Gaming
- Corporate Finance
- Legal Services
Geography
- Israel – Plarium is headquartered in Israel, highlighting this geography's relevance to the transaction.
- Sweden – Modern Times Group (MTG), the acquirer, is based in Sweden, making it central to this transaction event.
Industry
- Gaming – The acquisition of Plarium, a major player in online and mobile gaming, places this transaction squarely within the gaming industry.
- Corporate Finance – The finance structure of the acquisition involving cash and committed financing pertains to corporate financial management and structuring.
- Legal Services – Involvement of Gernandt & Danielsson highlights the role of legal advisory in facilitating complex corporate transactions.
Financials
- USD 620 million – Total consideration for the acquisition of Plarium by MTG.
- USD 460 million – Amount of committed financing to support the acquisition by MTG.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Modern Times Group (MTG) | Acquirer | Company | A Swedish digital entertainment company acquiring Plarium to expand its gaming portfolio. |
| Plarium | Target | Company | An international gaming studio known for creating games such as RAID: Shadow Legends. |
| Gernandt & Danielsson Advokatbyrå | Legal Advisor | Company | Provided legal advisory services to MTG during the acquisition of Plarium. |
| Aristocrat | Seller | Company | Sold Plarium to MTG; previously acquired Plarium in 2017. |