NODWIN Gaming International Pte. Ltd, a subsidiary of the Indian esports company NODWIN Gaming, has invested €8 million (approximately Rs 72 crore) in Freaks 4U Gaming GmbH.
Conversion of Equity
Nodwin said the investment process involved converting a previous loan agreement into equity. Initially, The homegrown company had a convertible loan agreement worth €3.6 million with Freaks 4U Gaming, dated December 27, 2023.
This has now been converted into equity, alongside an additional investment of €4.4 million. Consequently, NODWIN's total investment in Freaks 4U Gaming amounts to €8 million, securing a 13.51% stake in the company.
NODWIN said it also has the option to acquire majority control in the future by swapping equity of Freaks 4U Gaming investors and founders with NODWIN shares
As part of this agreement, NODWIN and Freaks 4U Gaming will exclusively start utilizing resources in each other’s key territories, such as personnel, equipment and facilities.
NODWIN gains access to developed markets, the PC ecosystem, and the full-service capabilities of Freaks 4U Gaming. Conversely, Freaks 4U Gaming will tap into NODWIN’s network in emerging markets and mobile esports.
Niels Wolter will be appointed to the Freaks 4U Gaming advisory board to oversee strategy and integration, as per the company's statement.
Michael Haenisch, CEO of Freaks 4U Gaming, said, “Under Akshat’s leadership, NODWIN has become a force to be reckoned with in the emerging market and the global landscape of gaming and esports. I am excited to be working alongside Akshat and his team, as we further our discussions on how Freaks and NODWIN will collaborate and grow together in this strategic alliance.”
Akshat Rathee, co-founder of NODWIN Gaming, said, “Our collaborative journey with Freaks is growing stronger, especially in the realms of PC and mobile gaming. We hold continuous admiration for the team at Freaks as we jointly explore new avenues for cooperation."
What does Freaks 4U Gaming do?
Freaks 4U Gaming, headquartered in Berlin, is a global full-service agency specializing in esports and gaming. The company offers a range of services, including strategic consultancy, online and offline activations, and broadcast productions.
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