DLA Piper advises gaming group Aonic on EUR152 million growth investment

DLA Piper has advised Aonic on entering into a definitive agreement to receive a EUR100 million growth investment from Metric Capital Partners, a leading pan-European investment firm. Further, the team also advised Aonic on its additional EUR52 million equity contribution from its major shareholder Active Ownership. DLA Piper regularly advises Aonic on its gaming activities and M&A transactions.

These investments mark some of the largest growth capital transactions in the current European video gaming industry. Aonic intends to use the additional capital to accelerate investments in its games portfolio and M&A.

Aonic is a diversified video gaming and technology group. Since its formation in 2021, Aonic has grown to 12 companies across Europe and North America operating globally in game development, publishing and related services with an LTM revenue as of Q3 2024 of EUR151 million.

The DLA Piper team was led by partners Andreas Füchsel (Private Equity/M&A, Frankfurt) and Edward Griffiths (Private Equity, London) with senior associate Philipp Meyer Reichen (Private Equity/M&A, Frankfurt) in the core team. Also involved were partner Dr Nico Brunotte (IT, Hamburg), counsel Tatiana Marzoli and associate Damian Merks (both Private Equity/M&A, Frankfurt).