Media and Games Invest SE (XTRA:M8G) agreed to acquire Axesinmotion S.L. for approximately €165 million on April 28, 2022. Total consideration on a cash-and-debt-free basis and parties have agreed to a fixed purchase price of €55 million plus up to €110 million that may be paid to the sellers as earn-out payments, depending on EBITDA performance compared to the Business Plan6 until the end of 2024. €50 million of the fixed purchase price will be paid at closing and €5 million 12 months post-closing. Total consideration shall be paid in cash. Acquisition financed via €30 million capital increase plus available cash at hand. Closing of the Transaction is expected to occur in May 2022.

Baker & McKenzie LLP acted as legal adviser to MGI. Agnitio Capital Limited acted financial advisor and J&A Garrigues, S.L.P. acted as legal adviser to AxesInMotion.