VANCOUVER, BC
and MONTREAL, July 15,
2024 /CNW/ - BlackPines Capital Partners
("BlackPines") and 9327-7358 Quebec Inc. dba GameAddik
("GameAddik") today announced that BPV Games Limited
Partnership, an affiliate of BlackPines, has entered into a
definitive share purchase agreement with ESE Entertainment Inc.
("ESE") to acquire ESE's remaining 30% interest in
GameAddik, increasing BlackPines ownership to 100%.
BlackPines acquired a majority of GameAddik in
August 2023, and since that time,
have closely collaborated with the GameAddik management team to
scale operations and drive growth, including acquiring Elusive
Talent Agency in January 2024.
"We appreciate ESE's partnership since our
initial investment and want to thank Konrad
Wasiela for his contributions to GameAddik and our Board of
Directors. We are pleased to reach this agreement to acquire full
ownership of GameAddik," said Darren
Huston, founder of BlackPines. "GameAddik is a world-class
team that delivers industry-leading marketing ROIs to a growing
roster of clients in the video game industry – and we are
excited to continue supporting its accelerated growth in the years
ahead."
"Partnering with BlackPines has been
transformative for GameAddik. We are grateful for Konrad's
participation on the board and his support throughout the entire
transaction," said Eric Jodoin, CEO
and Co-Founder of GameAddik.
Miller Thomson LLP served as legal advisor to
BlackPines.
About BlackPines Capital Partners
BlackPines Capital Partners is a private holding
company that owns a portfolio of companies, manages direct
investments, and provides strategic long-term advice to companies
to accelerate growth, maximize potential, and deliver long-term
sustainable profitability.
For more information, please visit
https://www.blackpinescapital.com.
About GameAddik
Founded in 2015, GameAddik is an advertising
technology company that provides tech-driven marketing solutions
for the gaming industry. Trusted by over 200 global brands,
GameAddik is a leader in understanding gaming audiences and
delivering measurable performance marketing solutions for its
clients across its three business segments: PWN Games (performance
marketing), Elusive (performance-driven influencer marketing), and
GameRebellion (game, audience and industry data and analytics).
For more information, please visit
https://www.gameaddik.com.
SOURCE BlackPines Capital Partners