Private Equity Seek High Returns From Gaming Companies Expected to Auction in September
Mid-market funds are monitoring a spate of video game developers expected to come to market in September after the robust performance of gaming companies during the Covid-19 crisis was noted. About 82% of global consumers played video games during the height of the Covid-19 lockdowns last year, analysis from data and market measurement firm Nielson showed. Traditionally, the video games sector has been dominated by venture capital and large game studios such as Microsoft and Sony, but now both direct lenders and private equity have started to enter the sector in pursuit of attractive returns. Click through to read the full story.