Sagard NewGen has acquired a minority stake in Asobo Studio

Founded in 2002, Asobo Studio is a leading personal computer and console video game development studio. Internationally renowned, the company has worked together with major industry players, including Microsoft, Disney/Pixar, Ubisoft and Focus Home Interactive, and has developed or co-developed 24 games, including key entertainment franchises as well as original creations.

Released in August 2020, the latest entry in the Microsoft Flight Simulator series sets a milestone in Asobo Studio’s journey. It strengthens the established partnership with Microsoft and marks the beginning of the studio’s long-term commitment with the franchise.

François Carlot, Managing Director at Lincoln, commented, “We are proud to have advised Sagard NewGen on their investment in Asobo Studio, one of the most technologically advanced and creative studios globally.”

This marks Lincoln’s fifth transaction closed in this sector over the past 36 months.

About Sagard NewGen
Sagard NewGen fund was launched in 2020 to support leading companies in the healthcare and technology sectors. The fund was established to make majority and minority investments, financing the expansion strategy of European profitable companies (revenues of up to €150 million). Sponsored by Sagard Holdings and supported by Sienna Capital, Sagard NewGen extends the platform’s European base alongside Sagard MidCap. Sagard NewGen provides management teams with bespoke support, a high value-added ecosystem with truly international reach via its offices in Paris, France; Montréal and Toronto, Canada; and New York, U.S.

About Asobo Studio
Asobo Studio is a French video game development company based in Bordeaux, France, founded in 2002. The studio has developed 24 video games so far, which include the critically acclaimed Microsoft Flight Simulator (released in August 2020 – 91% Metacritic score, two million players) and multi-award winning A Plague Tale: Innocence (May 2019 – more than one million copies sold worldwide to date). Asobo Studio employs approximately 220 full-time developers.

Sgard Asobo 2021
  • 2021
    Close Year
  • Technology, Media & Telecom
    Industry
  • Private Equity
    Client Type
  • Financial | Domestic
    Transaction Type
  • France
    Countries
Sagard NewGen is very pleased with this collaboration. The professionalism of Lincoln International's teams and their expertise in the video game industry were major assets in helping Sagard NewGen stand out in this highly competitive transaction.
Agnès Huyghues Despointes
Partner at Sagard NewGen

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