Aonic, a diversified and fast-growing video gaming and technology group, announced it has entered into a definitive agreement to receive a €100m investment from Metric Capital Partners, a leading pan-European investment firm, to further Aonic’s growth ambitions. Besides, Aonic’s major shareholder, Active Ownership, contributes additional capital to Aonic’s equity by converting its €52m shareholder loan.
Founded in 2021, Aonic has grown to a globally operating group consisting of 12 different businesses and €151m in LTM revenue as of Q3 2024. This investment marks one of the largest growth capital transactions in the current European video gaming industry. While the industry has faced a difficult period over the past years, Aonic grew by 73% in revenue over the past 12 months and intends to use the additional capital to accelerate investments in its games portfolio and M&A.
Aonic and its major shareholder Active Ownership were advised by UBS and DLA Piper.
Metric was advised by Dechert, 8Advisory and Grant Thornton.
About Aonic
Aonic is a diversified video gaming and technology group with the ambition to become the next global powerhouse in video gaming and related technology services. The group comprises of 12 businesses spread across Europe and North America.
About Metric Capital Partners
Metric Capital Partners is a pan-European private capital fund manager. The firm has raised in excess of EUR 2.7 billion of capital from its global investor base and operates out of six European offices. Since its inception in 2011, Metric has completed 44 investments across a variety of industries and geographies.
About Active Ownership
Active Ownership is an independent, partner-managed investment firm operating in Europe and the Nordics. From offices in Frankfurt, Vienna, Luxembourg and Stockholm, the team performs deep fundamental research where there are opportunities for sustainable value creation and actively supports its portfolio companies to become better businesses.
