VantageCo Acquires Majority Stake in Playstack for £125 Million
VantageCo, a subsidiary of Integrated Media Company (IMC), has struck a deal to acquire an 84.5% stake in UK games publisher Playstack, valuing the company at £125 million ($168 million) on an enterprise value basis. This transaction is expected to generate net cash proceeds of £112.4 million ($150 million) for TruFin, the current owner of Playstack, pending shareholder approval in June. TruFin has reported that investors holding over 44% of its shares have already expressed support for the acquisition.
Despite the change in ownership, Playstack CEO Harvey Elliott reassured that the company's operations will remain unchanged. He emphasized that this acquisition represents a shift in ownership rather than a shift in strategy. Elliott stated that Playstack will continue to focus on publishing premium indie games and expressed gratitude to TruFin for their partnership over the past seven years.
TruFin CEO James van den Bergh highlighted the sale as a significant milestone for the company, showcasing their disciplined capital allocation and value creation approach. He praised the Playstack team and expressed confidence in IMC's ability to support Playstack's future endeavors.
Why it matters
Playstack has a diverse portfolio, publishing games across PC, console, and mobile platforms. Notable titles include LocalThunk's Balatro, Deep Field Games' Abiotic Factor, and Color Gray Games' The Rise of the Golden Idol. The publisher was recently ranked 21st on PocketGamer.biz's list of the Top 50 UK Game Makers for 2026.
Original source
PocketGamer.biz
