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  6. Tilting Point Acquires Budge Studios

M&A Deal Summary

Tilting Point Acquires Budge Studios

On March 16, 2022, Tilting Point acquired software company Budge Studios from BDC Capital

Acquisition Highlights
  • This is Tilting Point’s 1st transaction in the Software sector.
  • This is Tilting Point’s 1st transaction in Canada.
  • This is Tilting Point’s 1st transaction in Quebec.

M&A Deal Summary
Date 2022-03-16
Target Budge Studios
Sector Software
Buyer(s) Tilting Point
Sellers(s) BDC Capital
Deal Type Add-on Acquisition

Target

Budge Studios

Montréal, Quebec, Canada
Budge Studios engages in children’s digital entertainment. The company creates innovative apps to thrill, educate and entertain children around the world with over 300 million downloads globally. Budge Studios was founded in 2010 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Tilting Point

New York, New York, United States
Category Company
Founded 2012
Sector Digital Media
DESCRIPTION

Tilting Point is a free-to-play publisher that powers up existing live games using deep marketing and product expertise, cutting-edge technology, and a user acquisition war chest. Tilting Point was founded in 2012 and is based in New York, New York.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 AN Games

Seongnam-si, South Korea

AN Games is a game developer known for creating Sci-Fi games for nearly 20 years. Its previous title, ASTRONEST: The Beginning, is still a fan-favorite among many gamers worldwide. AN Games was formed in 1999 and is based in Seongnam-si, South Korea.

Buy -

Seller(S) 1

SELLER

BDC Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Large
Type Sector Agnostic
DESCRIPTION

BDC Capital is the direct investment arm of financial services firm BDC. BDC Capital looks to invest in and provide financing to venture and growth-stage Canadian companies. The Firm's growth-stage investment unit looks to commit $3 to $35 million for minority positions in mid-market companies focused on growth. The Group does not have any sector preferences but does prefer to invest in profitable companies. BDC Capital is headquartered in Montreal.

DEAL STATS #
Overall 7 of 10
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 4 of 6
State: Quebec M&A 3 of 5
Country: Canada M&A 6 of 9
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Seymour Health

Vancouver, British Columbia, Canada

Seymour Health is an operator of independent medical clinics in BC, operating integrated health facilities that serve the Greater Vancouver Area by providing access to a range of in-demand health services under one roof. Seymour Health was founded in 1937 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Monarch House

Abbotsford, British Columbia, Canada

Monarch House is a national Canadian network of interdisciplinary behavioural health centres with a particular focus on serving children and youth diagnosed with autism spectrum disorder (ASD). Monarch House was founded in 2008 and is based in Abbotsford, British Columbia.

Buy -
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