Merger • Media

OpTic Gaming Acquires Team Envy

On November 8, 2021, OpTic Gaming acquired media company Team Envy from Hersh Family Investments

Acquisition Context
  • This is OpTic Gaming’s 1st transaction in the Media sector.
  • This is OpTic Gaming’s 1st transaction in the United States.
  • This is OpTic Gaming’s 1st transaction in Texas.

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M&A Deal Summary

Date November 8, 2021
Target Team Envy
Sector Media
Buyer(s) OpTic Gaming
Sellers(s) Hersh Family Investments
Deal Type Merger

Target Company

Team Envy

Dallas, Texas, United States
Team Envy owner and operator of global esports franchise Team Envy, the Dallas Fuel team in the Overwatch League, the Dallas Empire team in the Call of Duty League, and a founding member of Flashpoint, a professional tournament series for competitive CS: GO. Team Envy was founded in 2007 and is based in Dallas, Texas.
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Buyer Overview 1

Buyer

OpTic Gaming

Dallas, Texas, United States

Category Company
Founded 2006
Sector Media
DESCRIPTION

OpTic Gaming is an American esports and entertainment organization that competes in several games, including Call of Duty, Rocket League, and Overwatch. OpTic Gaming was founded in 2006 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Media 1 of 1
Type: Merger 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Hersh Family Investments

Irving, Texas, United States

Investor Investor Investor Investor Investor


Category Family Office
Founded 2004
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

NLM Capital is a private investment firm focused on acquiring mid-sized businesses in the water resources/infrastructure services, education, healthcare, and real estate sectors. NLM seeks profitable businesses with experienced management and strong market positions with growth prospects. NLM's looks to commit $3 to $30 million of equity per deal, with a total target transaction size of $15 to $150 million. NLM will not invest in businesses with limited revenues or that are engaged in direct retail, restaurants, or oil/natural gas. NLM was formed in 2004 and is based in Irving, Texas.


Deal Context for Seller #
Overall 4 of 4
Sector: Media 1 of 1
Type: Merger 1 of 1
State: Texas 3 of 3
Country: United States 4 of 4
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Team Envy

Dallas, Texas, United States

Team Envy owner and operator of global esports franchise Team Envy, the Dallas Fuel team in the Overwatch League, the Dallas Empire team in the Call of Duty League, and a founding member of Flashpoint, a professional tournament series for competitive CS: GO. Team Envy was founded in 2007 and is based in Dallas, Texas.

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