Marriott Harrison supports CentreSoft on its management buyout from Activision Blizzard

Wednesday 19th June, 2024

The Marriott Harrison team were pleased to act for the longstanding management team of CentreSoft on its management buy-out from Activision Blizzard, Microsoft owned US-based video game holding company.

CentreSoft, headquartered in Birmingham and with a separate operation in Burglengenfeld, Germany, is the EU’s leading multi-format specialist distributor of video games for providers including Sony PlayStation, EA, Take2, Warner Interactive amongst others. The management team, which is headed by David Neal, have been running the business for over 30 years, bridging the gap between EU retailers and global publishers by offering the broadest mix of games and a consolidated retail supply solution.

The management buyout was financed by IGF. The asset-based lending facility will allow for the continued growth of the CentreSoft group.

Ian Morris led the Marriott Harrison team supporting David Neal and the management team, furthering our cross-border gaming and distribution credentials. The team also included James Stocker and Lisle Gannon (Corporate), Brett Israel, Josh Hartle and Shaun Piesley (Banking), Chris Mooney and Alex Lee (Commercial) and Ed Belam and Ciara Duggan (Employment).

Ian Morris commented on the deal, “Having acted on the original buy out of Centresoft and sale to Activision back in the 90’s, it was a pleasure, to be instructed on the buyout of Centresoft for the second time. I see an exciting future ahead for Centresoft and its employees as it begins its journey as an independent business.”

David Neal, CEO at Centresoft, commented on the deal, “This is an extremely exciting time for our publishing partners, retail customers and staff to embark on new chapter in the company’s history, I also have to acknowledge Ian Morris and his team at Marriott Harrison. This  was a complex and demanding MBO. Marriott Harison`s commitment and diligence in getting this deal over the line was a material factor in reaching a successful outcome; for this we will be eternally grateful.”

Articles by Ian Morris