News

Is Asmodee exploring a sale?

Published on: May 14th, 2018

Sources suggest Asmodee Group is exploring a sale that could value it at more than 1.5b euros ($1.7b).

The Guyancourt, France-based company, owned by private equity firm Eurazeo SE, has hired investment bankers to run a sale process, according to anonymous sources who asked not to be identified because the deliberations are confidential.

The company generates about 100m euros in 12-month earnings before interest, taxes, depreciation and amortization, according to one of the sources.

Reuters states that a spokesman for Eurazeo declined to comment, while Asmodee did not immediately respond to requests for comment.

Since Eurazeo took over Asmodee in 2013 in a 143m euro deal, Asmodee has been aggressively expanding beyond Europe and into the United States. The best-known titles the company publishes or distributes include Catan, Ticket to Ride, Splendor, and the Star Wars: X-Wing board games.

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