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Akshat Rathee, Co-Founder of NODWIN Gaming
Mumbai-based listed gaming company Nazara Tech's subsidiary NODWIN Gaming has announced the acquisition of Starladder, a leading esports IP and services company, in a deal valued at an initial consideration of $5.5 million (Rs 46.75 crore).
Additional consideration is payable on meeting the earn-out targets.
The acquisition will see StarLadder become a fully owned subsidiary of NODWIN Gaming Pte (Singapore), marking a significant step in expanding its AAA IP and event production portfolio worldwide.
Secondary sale and stock swap
The acquisition of 100% of the share capital of StarLadder will be a combination of a secondary sale and stock swap of NODWIN Gaming Pte shares for an initial consideration of up to $5.5 million (Rs 46.75 crore).
The initial consideration would be payable partly by way of cash consideration up to $2 million (Rs 17 crore) and balance $3.5 million (Rs 29.75 crore) by way of swap of equity shares of NODWIN Gaming Pte.
As part of this transaction, the founder Roman Romanstov would become a shareholder of NODWIN Gaming Pte and continue to lead the business going forward.
Starladder's growth
Founded in 2018 by entrepreneur Roman Romanstov, The Starladder team has over 20 years of experience in organizing esports events and a wide portfolio of iconic events. StarLadder has established itself as a superstar team of creative event producers who have put together a Valve CSGO Major, Valve Dota2 Major and Minors, 18 seasons of legendary StarSeries CS 1,6 and CSGO.
Starladder organized many white-label events and has experience working with the largest game developers such as Valve, Tencent, Krafton, Blizzard, Riot Games, Supercell, Com2us, Moonton, Smilegate, etc.
Leadership comments
Akshat Rathee, Co-Founder of NODWIN Gaming, said, “StarLadder and Roman has been and remains the superstars behind the Creme de la Creme events that esports fans have loved to see. Roman is considered one of the pioneers of esports event production with his deep insight in stage design, creative broadcast solutions and entrepreneurial energy. I have been a fan of his work for the longest time and cherish the opportunity to work and build NODWIN with one of my heroes. With this NODWIN will level up our capability invision bigger and better IPs and events for our fans and partners to love”
Roman Romanstov, Founder of Star Ladder, said, “We live in an era of globalization, where the synergy of resources, expertise, and potential drives success and paves the way for future growth. We are thrilled to have found partners and like-minded individuals who share our vision and ambition. Together with NODWIN Gaming, Starladder is committed to creating extraordinary experiences for fans, delivering unforgettable events across multiple games and regions. Stay tuned for what’s to come!”
The acquisition comes at a time when NODWIN Gaming continues to grow in India and emerging markets worldwide. The deal complements NODWIN Gaming’s recent strategic moves, including the acquisition of Comic Con in India, Agency, Influencer and MCN business Trinity Gaming, Agency business of AFK Gaming, German esports and gaming marketing agency Freaks 4U Gaming, West Asia and Turkey-focused marketing and esports agency Ninja Global and Singapore-based live events firm Branded.