Media and Games Invest increases stake in gamigo AG from 53% to 98%

Public Disclosure of inside information under Article 17 of MAR (Regulation (EU) No. 596/2014)

Media and Games Invest increases stake in gamigo AG from 53% to 98%      

  • Purchase price valuation is 50% below peergroup
  • A further increase to 100% is planned short term
  • Former gamigo shareholders will receive shares with a 25 months lock-up period

17, February 2020 – Media and Games Invest plc ("MGI", ISIN: MT0000005801010101; Symbol: M8G; Basic Board, Frankfurt Stock Exchange) is acquiring 1.05 million gamigo shares, representing approximately 45.5% of the total outstanding shares, thereby increasing its stake in gamigo AG from 53% to 98%. The agreements, which were approved today by the gamigo Supervisory Board and the Board of MGI, were signed today. The transaction is expected to be completed within the coming days. It is planned to also acquire the remaining gamigo shares thereafter.

In the 12-month period from 1 October 2018 to 30 September 2019, gamigo generated net revenues of EUR 56 million and EBITDA of EUR 16 million. Over the past five years, the company has grown by an average of 32% in terms of revenue and 64% in terms of EBITDA.

The purchase price of EUR 16.5 million in cash and up to 18.2 million MGI shares represents a valuation of seven times EBITDA based on the 12-month period ending September 30, 2019. Thus, the purchase price is about 50 percent below the valuation of comparable companies. According to current data from E&Y Corporate Finance, gaming companies achieve an average valuation of 13.5 times EBITDA.

The selling gamigo shareholders will receive the up to 18.2 million new MGI shares in two steps. In return, the company's share capital will be increased by up to 18.2 million new MGI shares. A lock-up period of around 25 months will apply to approximately 98% of these new shares. The cash portion of the purchase price is financed with a loan from UniCredit Bank in the amount of EUR 10 million at an interest rate of 5.5% p.a. and with free liquidity from MGI. The acquisition of approx. 2% of the gamigo shares is still pending, but negotiations for the purchase of these remaining shares are already underway. Should the negotiations fail, a squeeze-out of these shareholders will be attempted.

About Media and Games Invest plc:

Media and Games Invest plc, (“MGI”), is a fast and profitably growing company in the digital media and games markets, focusing on a "buy, integrate, build & improve" strategy through organic growth and acquisitions of companies and assets. Technology is actively used to create efficiency improvements and competitive advantages within the group. Synergy and integration potentials are important criteria for the expansion of the group. MGI group has performed well over 25 company and asset acquisitions within the last 6 years. The most important criterium for extending the group are synergy and integration potentials. The most important participations include gamigo AG, a fast-growing gaming and media company, ReachHero GmbH, a leading influencer SaaS platform, Applift GmbH, a leading media company specializing in mobile advertising, Pubnative, an SSP platform for mobile advertising and the assets of Verve, a leading North American mobile data platform for location-based programmatic video and display marketing. Media and Games Invest is listed a.o. on the Frankfurt Stock Exchange and on XETRA.


This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of Media and Games plc or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of Media and Games invest plc and the companies associated with it may deviate significantly from the estimations presented here. Neither Media and Games Invest plc nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

Press contact:

edicto GmbH

Axel Mühlhaus / Dr. Sönke Knop

Telephone: +49 69 9055 05 51

Email: [email protected]



Media and Games Invest plc

Sören Barz, Head of Investor Relations

St. Christopher Street 168

Valletta VLT 1467


Email: [email protected]

Regulatory and Ad-hoc
About MGI - Media and Games Invest SE

MGI - Media and Games Invest SE (MGI) operates a fast-growing, profitable ad-software platform that matches global advertiser demand with publisher ad-supply while improving results through first party data from own games. MGI’s main operational presence is in North America and Europe. Through investments in organic growth and innovation, as well as targeted M&A, MGI has built a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space across all digital devices (mobile apps, web, connected TV and digital out of home), with the mission to make advertising better. MGI is registered as Societas Europaea in Sweden (registration number 517100-0143) and its shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has two secured bonds that are listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market. The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; [email protected].

MGI - Media and Games Invest SE
Stureplan 6
114 35 Stockholm