Alcuin Capital Partners is very pleased to announce its exit from Dovetail Games, a UK market leader in the development and publication of simulation computer games. Established in 2009, Dovetail is best known for its Train Sim World franchise and has recently enjoyed success with its digital board game, Catan – Console Edition. Alcuin backed the business in September 2016.
The business has been acquired by Focus Entertainment, an established video games developer and publisher based in Paris (EPA: ALFOC). Dovetail’s senior team, including with Jon Rissik (CEO), will continue to run the company and are committed to the long-term value creation of Dovetail.
Sean Brennan, CEO of Focus Entertainment, said “We are extremely pleased to welcome the talented and passionate teams from Dovetail Games into the Focus Group. The studio and its IPs are a very good fit for us and a worthy complement to the Focus lineup and strategy, with unique, compelling and definitive sim games celebrated by players all around the world.”
Jon Rissik, CEO of Dovetail Games said: “From our first meeting with Sean and the talented team at Focus it was clear that we share much in common, most notably a deep-rooted passion for simulation gaming, a commitment to deliver engaging and rewarding experiences for our customers and an underlying set of values that both empower our people and support their career journey. I am extremely proud of the company and strong brands that we have built over the past 14 years and look forward to joining Focus Entertainment´s confederation of entrepreneurs.”
Mark Storey, Founding Partner and Chairman of Alcuin Capital Partners added: “We have hugely enjoyed working with the Dovetail team and are very pleased with another successful exit for the Fourth Alcuin Fund. The management team have taken Dovetail from strength to strength since our investment in 2016. We wish them all the very best for the future and look forward to seeing the business develop further in coming years under new ownership.”
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