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Weekly M&A Report – April 10th, 2023


GrowthPoint Technology Partners provides weekly summary and outlook on last week’s technology M&A deal activity:

87 deals announced

$65.3B announced total deal value year to date in technology M&A activity with 1,311 closed transactions announced

Notable deals in technology M&A include:

Savvy Gaming Group to Acquire Scopely Read More

Savvy Games Group, a games and esports company that is part of the Saudi government’s Public Investment Fund, has agreed to acquire mobile games studio Scopely for $4.9 billion. Founded in 2011, Scopely is known for several popular mobile games including Yahtzee With Buddies, Star Trek Fleet Command, Marvel Strike Force, Stumble Guys and Scrabble Go.

FinFit to Acquire Salary Finance Read More

With nearly 50 percent of U.S. workers reporting financial stress, FinFit and Salary Finance U.S. today announce their merger, to better support the financial needs of working Americans. Both companies have been part of the rapidly growing market of financial wellness employee benefits offered through the workplace, as demand has skyrocketed post-pandemic and due to inflation-driven cost of living challenges.

Five Arrows to Acquire n2y Read More

n2y (the “Company”), provider of comprehensive, technology powered solutions for students with unique learning challenges, today announced it has entered into an agreement to be acquired by Five Arrows, the alternative assets arm of Rothschild & Co. n2y is the inaugural deal for Five Arrows Long Term Fund (“FALT”) which has invested alongside Five Arrows Principal Investments (“FAPI”), together “Five Arrows”. Five Arrows targets category-leading B2B data and software sectors across a focused set of end-markets including education and healthcare, with a long history of investing specifically in companies addressing the learning disabilities and special needs space in both Europe and North America. Five Arrows will become the majority shareholder and Providence Equity Partners will retain a minority equity stake in the Company. Financial terms of the transaction were not disclosed.

Download the full report below