Nick Tuosto, former head of gaming at LionTree, introduced the launch of GoodGame Advisors, a boutique deal advisory agency that may advise on acquisitions.
Tuosto will even proceed to be managing director of Griffin Gaming Companions, one of many world’s main enterprise capital companies centered solely on gaming, with over $1.2 billion in property underneath administration and 80 portfolio corporations.
Previous to LionTree, Nick served as the worldwide co-head of web and digital media funding banking at
Financial institution of America Merrill Lynch. The creation of the brand new agency is an indication that offers are coming again once more to the sport business, which has seen an enormous slowdown with plenty of layoffs in latest months.
GoodGame Advisors is a strategic accomplice to Griffin. The partnership will make the most of GoodGame Advisors’
monetary and strategic advisory experience and Griffin’s data-driven enterprise insights to supply nuanced
recommendation to pick out purchasers of GoodGame Advisors and buyers and portfolio corporations of Griffin. This place provides Tuosto a singular view of each investments into sport studios and M&A exits in video games.
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Tuosto and his group have suggested on greater than 30 transactions within the interactive leisure business
particularly, accounting for greater than $30 billion in transaction worth, with purchasers starting from rising
corporations to well-established business leaders.
“We’re keen about what we do and goal to supply trusted and value-creating recommendation to our purchasers. Our intense give attention to the Interactive Leisure ecosystem permits us to ship differentiated and inventive outcomes,” mentioned Tuosto in a press release. “We have now been profitable executing in opposition to this thesis prior to now and sit up for serving our purchasers at GoodGame Advisors.”
Business veterans are lending their assist to GoodGame Advisors.
Strauss Zelnick, chairman and CEO of Take-Two Interactive and managing accomplice at ZMC, mentioned in a press release, “Nick has at all times prioritized our long-term success. From our work with him and his group on offers for over a decade, I do know firsthand the worth of their extraordinary area experience and their sensible, business and actionable recommendation.”
Different members of GoodGame Advisors are Frankie Zhu, managing director, and Seth Nutt, vice chairman. Additionally they beforehand labored at LionTree.
