How active is Private Equity / PE-Backed Roll-Up in gaming acquisitions?

18 disclosed private equity / pe-backed roll-up acquisitions of gaming businesses analyzed (18 from 2018+). Run the ExitValue.ai calculator to see what this buyer pool would pay for your specific business.

Who are the most active private equity / pe-backed roll-up buyers of gaming businesses?

Top recent acquirers by deal count: Apollo Global Management, Inc. (2 deals), Silver Lake Technology Management, L.L.C. (1 deals), Brightstar Capital Partners, L.P. (1 deals), Devolver Digital, Inc. (1 deals), DraftKings Inc. (1 deals), Verve Group SE (1 deals).

BUYER POOL ANALYSIS

Selling a Gaming to Private Equity / PE-Backed Roll-Up buyers

Private equity firms and PE-backed platform consolidators acquiring for roll-up, add-on, or platform plays. Pricing tends to lead the market for fee-viable scale, with multi-bidder competitive processes above the EBITDA floor.

Quick answers

How many disclosed transactions?: 18 deals total (18 from 2018+), filtered to Private Equity / PE-Backed Roll-Up acquirers of gaming businesses.
Most active buyers: Apollo Global Management, Inc. (2) · Silver Lake Technology Management, L.L.C. (1) · Brightstar Capital Partners, L.P. (1) · Devolver Digital, Inc. (1) · DraftKings Inc. (1) · Verve Group SE (1)
What would this buyer pool pay for my business?: Run the ExitValue.ai calculator to see your gaming priced against the 18 disclosed private equity / pe-backed roll-up transactions in this segment. The engine surfaces the specific multiples that apply to your size, margin, and growth profile.

Recent disclosed deals

Private Equity / PE-Backed Roll-Up acquisitions of gaming businesses with named target and named acquirer.

Year	Target	Acquirer
2025	Electronic Arts Inc.	Silver Lake Technology Management, L.L.C.
2024	Everi Holdings Inc.	Apollo Global Management, Inc.
2024	PlayAGS, Inc.	Brightstar Capital Partners, L.P.
2023	System Era Softworks, Inc.	Devolver Digital, Inc.
2021	Golden Nugget Online Gaming, Inc.	DraftKings Inc.
2021	KingsIsle Entertainment, Inc.	Verve Group SE

What this buyer pool prices for

Private equity acquirers price for scale and roll-up arbitrage. They pay up for businesses that fit a platform thesis - recurring revenue mix above 30%, technician/professional depth, clean financials, and a management layer that survives integration. A gaming that fits the platform thesis prices materially above what an individual buyer would pay because PE is buying a platform piece, not an owner-operated shop.

Methodology note

Deal flow shown reflects disclosed M&A transactions in the ExitValue.ai database, filtered to gaming businesses acquired by private equity / pe-backed roll-up buyers. Deal counts shown reflect deals with disclosed financials only - total transaction count for this buyer pool is typically 2-3x larger. The valuation engine reveals the specific multiples that apply to your business when you run the calculator above. Full methodology

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