Auctus Capital Partners, an investment and advisory firm, has joined forces with Remote Control Productions, a software company, to launch Prestiged. This new investment fund aims to acquire and invest in game companies across Europe.
According to VentureBeat, Prestiged’s investments are targeting financially stable game companies with Earnings Before Interest, Taxes, and More (EBIT) ranging from $531,000 to $21.2 million.
Under the leadership of Hendrik Lesser, Florian Aichinger, and Robert Knorrek, Remote Control Productions and Auctus Capital Partners are strategically investing in game companies with existing momentum. They leverage their expertise in gaming and finance to drive growth and success.
Although no deals have been finalized yet, both companies, based in Germany, are actively scouting potential candidates for investment.
Opportunities in a challenging industry
Prestiged is seizing the opportunity to acquire struggling game companies in a market where they may be available at more reasonable prices. Their goal is to create a European gaming group tailored to the needs of mid-sized companies, emphasizing creative independence and long-term growth.
With a focus on efficient management and financial support from Auctus, Prestiged aims to empower studios in creating successful titles while providing strategic guidance without daily operational involvement.
“At the moment, we’re having discussions with smaller companies,” Lesser said. “There is a lot for sale at the moment.”
“We take a hands-off approach, we sit on the board. The yearly plan has to be approved, but not the daily plans,” Lesser adds.
The new investment fund also benefits from a flexible capital source that doesn’t impose time limits for exits, allowing investments to mature at a natural pace.
