M&A Deal Summary

Stillfront Group Acquires 6waves

On January 19, 2022, Stillfront Group acquired gaming company 6waves from Origo Partners and Insight Partners

Acquisition Highlights
  • This is Stillfront Group’s 1st transaction in the Gaming sector.
  • This is Stillfront Group’s 1st transaction in China.

M&A Deal Summary

Date 2022-01-19
Target 6waves
Sector Gaming
Buyer(s) Stillfront Group
Sellers(s) Origo Partners
Insight Partners
Deal Type Add-on Acquisition

Target

6waves

Hong Kong, China
6waves is an independent publisher of free-to-play social games on Facebook, with over 55 active games played by over 28 million monthly active users (“MAUs”) as of December 2011. The company aims to publish the next generation of social games to cover every genre, language, and platform. 6waves was founded in 2008 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

Stillfront Group

Stockholm, Sweden

Category Company
Founded 2010
Sector Digital Media
Employees1,255
Revenue 6.7B SEK (2024)
DESCRIPTION

Stillfront Group is an independent creator, publisher and distributor of digital games. Stillfront Group was founded in 2010 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 7 of 7
Sector: Gaming M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: China M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Goodgame Studios

Hamburg, Germany

Goodgame Studios is a free-to-play, online games development company. We operate across web and mobile platforms and cater to over 300 million registered users worldwide. With a rich talent pool of employees from more than 40 nations, company are among the largest German employers in the gaming software industry. Company aim to become one of the leading gaming company in the world.

Buy €270M

Seller(S) 2

DESCRIPTION

Origo Partners is a publicly-traded private equity firm focused on 'growth opportunities created by the urbanization and industrialization of China'. Origo primarily targets profitable, expansion stage companies in the natural resources, agriculture, consumer, and renewable energy/clean-tech sectors. The Firm looks to invest $3 to $20 million over the life-cycle of a company. Origo Partners is based in Beijing, China.


DEAL STATS #
Overall 4 of 5
Sector: Gaming M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 2
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-04 Gobi Coal and Energy

Ulaanbatar, Mongolia

Gobi Coal & Energy owns and develops coking coal assets. Gobi Coal and Energy was founded in 2004 and is based in Ulaanbatar, Mongolia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Celadon Mining

China

Celadon Mining is a coal mining and development company. Celadon is based in China.

Sell -
SELLER

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 36 of 48
Sector: Gaming M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 15
Country: China M&A 1 of 1
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 HawkEye 360

Herndon, Virginia, United States

HawkEye 360 is a provider of geospatial information solutions that will use radio frequency (RF) technology to help monitor global activity across air, land, and sea and assist with emergencies. HawkEye 360 was founded in 2015 and is based in Herndon, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Studio Moderna

Zagorje ob Savi, Slovenia

Studio Moderna is a multi-channel and direct to consumer electronic retailer with a vertically integrated network in Central & Eastern Europe. Studio Moderna was founded in 1992 and is based in Zagorje ob Savi, Slovenia.

Sell -