Summit, TA Associates Pour $350M into Bigpoint

Summit Partners and TA Associates will invest $350 million to recap Hamburg-based online gaming company Bigpoint GmbH. TA Associates and Summit Partners jointly will own a controlling share of Bigpoint. Previous shareholder Comcast Interactive Capital’s Peacock Equity Fund will sell their holdings in this transaction. GMT Communications Partners and GE will sell a majority of their stakes, the company said in a written release. Montgomery & Co. acted as advisor for Bigpoint; and NOAH Advisors acted as advisor for Summit Partners and TA Associates.

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