Zeus acted as Financial Adviser to Sumo Group in its acquisition of Pipeworks Studios

Founded in 1999, Pipeworks is an innovative, well-established, and respected US video games developer based in Eugene, Oregon. It provides full development, co-development, and live operations services to premier video game publishers and other partners. Since foundation, Pipeworks has shipped close to 100 games and advanced technology solutions to nearly 50 clients and partners.

Pipeworks is also a leader in the application of emerging technology and game science to adjacent complementary markets, including the US public sector, distance learning, remote healthcare, and AI-driven simulation.

Sumo Group Plc (AIM:SUMO) is an AIM listed provider of award-winning creative and development services to the video games and entertainment industries. Zeus Capital also acts as Sumo’s Nominated Adviser and Joint-Broker.

Members of the Zeus team included Richard Darlington, Benjamin Robertson, Nick Cowles, Edward Stevenson and Matt Hogg.

Zeus is a leading adviser to small and mid-cap private and public companies. Since 2013, Zeus has acted on over 160 transactions valued in excess of £9.8 billion.

The acquisition of Pipeworks is Sumo Group’s largest transaction since listing on AIM in December 2017 and represents a leap in the Group’s growth trajectory. I want to thank the team at Zeus, who diligently advised Sumo Group and helped ensure that we overcame the complexities of this cross-border deal. I look forward to working with the Pipeworks team to integrate the two businesses and demonstrate the benefits of the acquisition to shareholders.

We are delighted to have advised Sumo on this significant acquisition which further strengthens its position as one of the world’s premier independent video games developers. Zeus has supported Sumo on multiple transactions since its IPO in 2017 reflecting our ability to seamlessly provide integrated advice across a dedicated team of advisory and capital markets professionals. We wish Sumo and Pipeworks every success and look forward to working with them in the future.

This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.