Two PE firms — Summit Partners and TA Associates — have purchased a controlling stake in online games company Bigpoint for $350 million. NBCU’s Peacock Equity and UK PE firm GMT Communications had bought a 70 percent stake in Bigpoint three years ago for $110 million. Peacock Equity, which is now part of Comcast (NSDQ: CMCSA), is selling all of its holdings in the company, while GMT and General Electric (NYSE: GE) are selling a majority of their shares.
Bigpoint, which is based in Hamburg, Germany, is best known for titles like Battlestar Galactica Online and DarkOrbit. The company’s games are free to play, but Bigpoint charges users for in game add-ons. It says that more than 185 million people worldwide have registered to play its games and bills its flagship Bigpoint.com site as the biggest game portal in Germany and among the top three in the world.
The company has been aggressively expanding outside Germany, opening offices in both Brazil and the U.S. There are some more details about the deal in the announcement and in this Venturebeat write-up.