Mercia exits leading VR game developer with £90m deal
Mercia Asset Management has sold its stake in a virtual reality game developer, for an enterprise value of £90.3m.
The deal with video gaming investment group Aonic for Mercia’s 33.2% stake in nDreams resulted in a total consideration of £30.2m, split £26.4m in cash proceeds and £3.8m re-invested into Aonic.
Leading VR studio nDreams was founded in 2006 by Patrick O'Luanaigh and has grown significantly in recent years to employ 230 staff, developing games including Phantom: Covert Ops, Fracked and Far Cry VR: Dive Into Ins... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
