June 6, 2018 | Announcements

GCA Advises Team17 on Its IPO

GCA is pleased to announce we acted as financial advisor and nominated advisor on the IPO of Team17 Group Plc, a leading video game label for independent developers.

The IPO valued Team17 at £217 million ($289 million) and raised gross proceeds of approximately £107.5 million for the company and the selling shareholders on the first day of trading. The IPO will enable the company to invest in its future expansion, enhance its profile and incentivize key employees.

Team17 supports both owned first-party and third-party intellectual property in the development and publishing of games across multiple platforms by partnering with independent developers globally. The group’s portfolio comprises over 90 games, including the iconic and well-established Worms franchise, as well as Overcooked and The Escapists. Founded in 1990, Team17 has long-established relationships with major video game platform operators including Sony, Nintendo, Microsoft, Steam, Apple and Google.

Team17 shares began trading on AIM on May 23. AIM is the London Stock Exchange’s international market for growing companies. Renowned for its balanced approach, AIM helps quoted companies raise the capital they need for expansion within a regulatory framework that gives them the room they need to grow.

About GCA
GCA is a global investment bank that provides strategic M&A, capital markets and private funds advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.

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