trending Market Intelligence /marketintelligence/en/news-insights/trending/3_Z8S0886FsiZkXF7AKvqw2 content esgSubNav
In This List

NorthEdge Capital invests in video games company Catalis

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro: Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


NorthEdge Capital invests in video games company Catalis

NorthEdge Capital LLP, through NorthEdge Capital Fund II, invested £46.6 million in Catalis PLC in a deal valuing the London-based video games company at £90 million.

As part of the transaction, Catalis CEO Dominic Wheatley and Catalis shareholder Vespa Capital reinvested the majority of their shareholdings in the company.

Lower middle-market investor NorthEdge committed follow-on capital to support management's growth strategy. The funds will be used for the global expansion of Testronic, including the opening of a new location in New Orleans for Catalis' quality assurance services unit, and to support the development pipeline at Curve, Catalis' video games publisher division.

NorthEdge executives Ray Stenton and Phil Frame are set to join Catalis' board.

Tosca Debt Capital and HSBC provided debt facilities for the transaction.

NorthEdge advisers included GCA Altium, Eversheds, PwC and GT, while Catalis and management advisers included Zeus Capital, Squire Patton Boggs, Grant Thornton, Liberty and Integritas.