Nick Tuosta, the previous head of gaming at LionTree, has introduced the launch of GoodGame Advisors, a deal advisory agency that may advise on acquisitions.
Tuosta can even stay a managing director of Griffin Gaming Companions, one of many world’s main enterprise capital companies specializing completely in gaming, with greater than $1.2 billion in property below administration and 80 portfolio corporations.
Previous to LionTree, Nick served as World Co-Head of On-line Funding Banking and Digital Media at
Financial institution of America Merrill Lynch. The creation of the brand new agency is an indication that offers are again within the video games trade, which has seen a significant slowdown in latest months with many layoffs.
GoodGame Advisors is a strategic companion of Griffin. The partnership will use GoodGame Advisors
Griffin’s data-driven monetary and strategic advisory experience and enterprise intelligence to offer nuanced
recommendation for choosing GoodGame Advisors purchasers and Griffin traders and portfolio corporations. This place provides Tuosto a novel perspective on each sport studio investments and sport M&A.
Lil Snack & GamesBeat
GamesBeat is worked up to companion with Lil Snack to create customized video games particularly for our viewers! As players ourselves, we all know it is an thrilling option to work together by way of a sport with the GamesBeat content material you have already come to like. Begin enjoying video games now!
Tuosta and his crew have suggested on greater than 30 transactions within the interactive leisure trade
specifically, representing greater than $30 billion in transaction worth with numerous clients, beginning with new ones
corporations to well-known trade leaders.
“We’re captivated with what we do and dedicated to offering our purchasers with sound recommendation that creates worth. Our shut consideration to the interactive leisure ecosystem permits us to attain differentiated and inventive outcomes,” Tuosta stated in an announcement. “We’ve efficiently argued in opposition to this thesis up to now and sit up for serving our purchasers at GoodGame Advisors.”
Trade veterans again GoodGame Advisors.
Strauss Zelnick, chairman and CEO of Take-Two Interactive and managing companion of ZMC, stated in an announcement: “Nick has all the time prioritized our long-term success. Having labored with him and his crew on transactions for over a decade, I do know first-hand the worth of their extraordinary experience within the subject and their sensible, business and actionable recommendation.”
Different members of GoodGame Advisors are Frankie Zhu, Managing Director, and Seth Nutt, Vice President. Additionally they used to work at LionTree.
Source link