Universally Speaking has received a major investment from private equity investor Phoenix Equity Partners.
The Bedford-based company provides leading video game industry clients with end-to-end services and has worked with some of the world’s leading games publishers, including 2K, Remedy and 505 Games on globally acclaimed games such as Borderlands 3, Mafia and Control.
Universally Speaking founder and CEO Vickie Peggs has made a substantial reinvestment in the company as part of the transaction, alongside Phoenix. She will remain as CEO and will work closely with Phoenix.
Shoosmiths corporate partner James Klein, who the led the team advising on the sale and reinvestment, said: “It has been a real pleasure working with Vickie Peggs and her team at Universally Speaking. The company’s reputation is second-to-none in a thriving industry and it’s incredibly exciting to see the buzz and ambition for their future plans. We wish them all the best for the future.”
Vickie Peggs said: “James Klein and his team have provided unrivalled levels of support throughout the transaction. I have been absolutely delighted to have worked with them on the new partnership with Phoenix Equity.”
Shoosmiths advised on all corporate and tax aspects of the sale and subsequent reinvestment. Financial terms are not being disclosed