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NorthEdge Capital acquires Curve Digital parent Catalis

Company invests £46.6m in games group, deal values Catalis at £90m

NorthEdge Capital has completed its acquisition of UK games firm Catalis group.

The company first announced its acquisition plans back in August, according to The Times, and with the deal complete, Catalis and its various subsidiaries are now part of the market capital firm.

Catalis Group is composed of three UK games companies: indie publisher Curve Digital, developer Kuju and QA specialist Testronic.

NorthEdge invested £46.6 million into the deal through its acquisition vehicle Project Sword Bidco, with the rest sourced from Catalis CEO Dominic Wheatley and Vespa Capital, a shareholder for the group.

In total, the deal has been valued at £90 million.

NorthEdge has also committed to invest follow on capital in the business to support Catalis Group's plans for growth. This will be used to support Curve Digital's development pipeline and further expand Testronic, including opening a new outfit in New Orleans.

This is the market capital firm's second deal in the games industry, having backed the management buyout at Sumo Digital.

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