VantageCo to Purchase Controlling Stake in Playstack for $150 Million

British holding company TruFin has agreed to sell its stake in game publisher Playstack to VantageCo, a newly established subsidiary of the investment firm Integrated Media Company. Integrated Media Company specializes in entertainment assets and operates platforms such as Fandom under the backing of the investment holding TPG.

Under the terms of the transaction, VantageCo will acquire an 84.5% stake in Playstack for £112.4 million, which is approximately $150.87 million. The deal is scheduled to close on June 10, pending approval from TruFin shareholders. TruFin has reported that two major investors holding a combined 44.29% of TruFin shares have already approved the sale. If the agreement falls through, TruFin is required to pay VantageCo a compensation fee of £5.2 million, or approximately $6.98 million.

Playstack recently celebrated its 10th anniversary after being founded in 2016 by Electronic Arts veteran Harvey Elliott and British entrepreneur Jasper Smith. The publisher has released more than 20 games across various platforms, including prominent titles such as Balatro, Abiotic Factor, and Mortal Shell.