Playdigious acquired by Griffin Gaming Partners
Context
Griffin Gaming Partners acquired 100% of the assets and publishing rights of Playdigious from Fragbite Group. The transaction represents a significant "pavillon" shift from Swedish to American ownership and serves as Griffin's inaugural buyout deal. The strategic rationale centers on integrating Europe’s premier mobile porting service into Griffin's vast ecosystem to unlock global expansion opportunities for indie developers. Post-acquisition, the founding team—including Xavier Liard and Romain Tisserand—will remain to lead the business, while Griffin Operating Partner Tim Bender (CEO of Hooded Horse) has been appointed President to oversee strategic partnerships and scale the company’s porting capabilities.
In the past, Playdigious was acquired by Fragbite Group in 2021 as part of its expansion strategy.
Playdigious, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average observed in the TMT (Tech, Media, Telecom) sector (14.8x in 2025).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
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
€10–30M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
15x–25x
EV / EBIT
15x–25x
Historical Financials (EUR)
Other operations with Playdigious
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2021 | FRAGBITE GROUP | PLAYDIGIOUS | FRANCE | Gaming & Consumer Apps |
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REFERENCES
Valuation range: EV €10–30M
Revenue range: €5–25M
EBITDA range: €0–5M
EV/Revenue range: below 1.5x
EV/EBITDA range: 15x - 25x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Playdigious by Griffin Gaming Partners 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: griffin gaming partners
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