At what enterprise value was PLAYDIGIOUS acquired in 2021?

During the acquisition of PLAYDIGIOUS by FRAGBITE GROUP in 2021, the transaction's Enterprise Value is estimated to be in the range of 0M - 15M EUR.

What was the EV/EBITDA of PLAYDIGIOUS when it was acquired by FRAGBITE GROUP?

The estimated EV/EBITDA multiple for PLAYDIGIOUS is in the range of 10x - 18x.

When was PLAYDIGIOUS acquired by FRAGBITE GROUP?

PLAYDIGIOUS was acquired by FRAGBITE GROUP in 2021.

What was the revenue of PLAYDIGIOUS at the time of the deal?

The revenue of PLAYDIGIOUS at the time of the deal is estimated to be in the range of 0M - 5M EUR.

What was the EBITDA of PLAYDIGIOUS during the acquisition?

PLAYDIGIOUS's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the PLAYDIGIOUS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PLAYDIGIOUS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://investgame.net/news/fragbite-group-has-acquired-playdigious-for-10-4m/

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Home Database TMT (Tech, Media, Telecom)PLAYDIGIOUS

06/2021

PLAYDIGIOUS acquired by FRAGBITE GROUP

FRANCE Software / Gaming & Consumer Apps EV 0M - 15M EUR

Context

Fragbite Group entered into a definitive agreement to acquire 100% of Playdigious to spearhead its expansion into the indie publishing sector. The transaction was structured with an upfront payment and several earn-out tranches totaling €3.5 million payable through 2023 to align future performance. This strategic move allowed Fragbite to internalize "cutting-edge" porting expertise and establish a new revenue stream within the premium mobile gaming segment, while the founders remained at the helm to lead the group’s new publishing division.

PLAYDIGIOUS, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).

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Target

Founded in 2015, Playdigious is the global market leader in adapting acclaimed indie PC and console titles for mobile platforms. The studio is renowned for its high-quality "porting" services, having successfully brought hits like Dead Cells, Northgard, Little Nightmares, and TMNT: Shredder’s Revenge to mobile audiences, including specialized releases for Netflix Games. With a track record of over 30 titles and multiple industry accolades—such as the Pégases Award for Best Mobile Game—the firm manages the entire lifecycle of a mobile adaptation, from technical development to global publishing.

Ent. Value

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EV / EBITDA

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Historical Financials (EUR)

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2021

2020

Other operations with PLAYDIGIOUS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
10/2025	GRIFFIN GAMING PARTNERS	PLAYDIGIOUS	FRANCE	Gaming & Consumer Apps

REFERENCES

Valuation range: EV 0M - 15M EUR

Revenue range: 0M - 5M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PLAYDIGIOUS by FRAGBITE GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: fragbite group