Bigpoint to Receive $350M Investment from TA Associates and Summit Partners
Bigpoint GmbH, a German online-game developer, publisher, and content provider for large media concerns, is to receive a $350m investment from Summit Partners and TA Associates.
The investment, whose completion is subject to regulatory approval and other standard conditions, aims to recapitalize the company and position it for continued strong international expansion.
TA and Summit jointly will own a controlling share of Bigpoint. Previous shareholders Comcast Interactive Capital’s Peacock Equity Fund, GMT Communications Partners and GE will sell their stake while Heiko Hubertz, CEO and Founder of Bigpoint, will retain his existing ownership stake.
In conjunction with the investment, Summit Partners and TA Associates will join Bigpoint’ Board of Directors, which consists of Hubertz and Board Chairman Simon Guild.
Bigpoint focuses on online games that can be played directly in the browser with a varied portfolio of internationally recognized games and brands, including Battlestar Galactica Online, Farmerama and DarkOrbit. The company has over 700 employees who are working on the next generation of gaming such as The Mummy Online, RamaCity and Drakensang Online.
Bigpoint has offices in Hamburg, Berlin, San Francisco, São Paolo and Malta.