EMK Capital, a UK-based private equity fund, will now take a majority stake in Outright
In 2016, Rockpool took a majority stake in Outright, the video game publisher, provided growth capital in the process.
“Since then, the business has grown substantially by following a clearly defined organic growth strategy, with offices in Los Angeles, London and Madrid, and a distribution network covering over 25 countries,” said Rockpool in a statement.
Ben Hutchinson, Investment Manager at Rockpool Investments, said the “the superb management team at Outright have managed to create a break-out, market leading success story.”
“We are very proud to have been part of the first chapter of the Outright Games success story and wish both the Company and EMK every success in the future.”
Terry Malham, Chief Executive of Outright Games added: “When founding Outright Games we looked to bring high quality, licensed family-friendly entertainment which we felt the video game sector was lacking. Rockpool’s initial investment was a key part of our success over the past four years, and we are thankful for their support so far.”
The company’s core focus is on creating high-quality games based on well-known brands or characters, including Paw Patrol, Jumanji, PJ Masks and Peppa Pig, from global entertainment companies such as Cartoon Network and Nickelodeon.
Since inception, Outright has sold over 18 million units and has secured a pipeline of strong intellectual property for launch over the coming years.
Following Rockpool’s exit, EMK Capital, a UK-based private equity fund, will now take a majority stake in the company.