Media and Games Invest SE Acquires Start-Up Dataseat, An Innovative Mobile Demand-Side Platform, Specializing in Contextual User Acquisition - Seite 3

Attractive deal structure – low upfront investment and highly conditional deferred payments:

Founded in 2018, Dataseat is a young DSP start-up with a small team of 25 employees, that already has shown strong organic growth potential. Revenues for 2022  are expected to be in the mid-single digit million range (GBP) and for 2022 management expects Dataseat to reach breakeven on an EBITDA level, whereas the plan is to further invest in growth and speed up growth and scaling. The purchase price consists of (i) a fixed component in the high single-digit GBP million range, (ii) a conditional deferred purchase price linked to the retention of the founders, as well as (iii) a long-term performance-based earn-out component. The fixed upfront component will be paid in cash, while the deferred as well as the earn-out components can be paid in either cash or shares. In case the deferred payment is made in cash, the payment will occur in 18 months following closing, and in all other cases, which includes deferred and earn-out components, the payments will occur in 36 months. The parties have agreed not to disclose further details of the purchase price.

Dataseat is being acquired by Verve Holding GmbH, a 100% subsidiary of MGI. 

 

Responsible parties

The information in this release has been made public through the agency of the responsible persons at MGI set out below for publication at the time stated by MGI's news distributor EQS Newswire at the publication of this release. The responsible persons below may be contacted for further information.

For further information, please contact:

Sören Barz
Head of Investor Relations
[phone]
[e-mail], [e-mail]
www.mgi-se.com

Jenny Rosberg, ROPA, IR contact Stockholm
[phone]
[e-mail]

Axel Mühlhaus / Dr. Sönke Knop, edicto GmbH, IR contact Frankfurt
[phone]
[e-mail]

About Media and Games Invest SE

Media and Games Invest SE (“MGI”) is an advertising software platform with strong first party games content. MGI’s main operational presence is in North America and Europe. The company combines organic growth with value-generating synergetic acquisitions, which has demonstrated continuous strong profitable growth with a revenue CAGR of 77% (2018 –2021). Next to strong organic growth, the MGI Group has successfully acquired more than 35 companies and assets in the past 6 years. The acquired assets and companies have been integrated and amongst others cloud technology is actively used to achieve efficiency gains and competitive advantages. MGI is registered as Societas Europaea in Malta (registration number SE 15) and its shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has  two secured bonds that are listed (or will be listed) on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market.

The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; [e-mail], [phone].

 

1390513  05.07.2022