Tikehau and European Capital team for unitranche deal

The two private debt specialists have provided a €65m facility to support Eurazeo’s buyout of French gaming group Asmodée, whose games include 'Skulls & Roses'.

French group Tikehau Investment Management has arranged, alongside European Capital, a €65 million unitranche financing package to support the acquisition of gaming company Asmodée by Paris-headquartered buyout firm Eurazeo.

Eurazeo invested €98 million in equity alongside €14 million from the company’s management, for a total of €118 million including additional equity from European Capital.

European Capital provided €42.5 million in unitranche bonds and an equity co-investment, it said in a separate statement.   

“We are extremely pleased to arrange the financing of the acquisition of Asmodee which is the type of success story we like to support in its international development,” said European Capital managing director Tristan Parisot. “We remain focused on originating high quality private debt opportunities in mid-cap businesses with underwriting capacity of up to €100 million across Europe.  This investment demonstrates again our ability to originate and provide tailor-made financing solutions in the private debt area to top-tier European sponsors like Eurazeo.”

Tikehau also contributed to the unitranche financing, and together with European Capital has agreed an additional debt facility to support the company’s growth strategy.

Mathieu Chabran, Co-founder of the Tikehau Group, commented: “Tikehau IM is pleased to have worked alongside Eurazeo and Stéphane Carville, CEO of Asmodée, to provide a financing structure which is capable of matching the Group’s present needs and future challenges. Our innovative and flexible approach encourages us to consistently adapt ourselves to provide the most appropriate solution to the companies we support”.