**Metric Capital Partners Invests £100 Million in Aonic with Dechert's Guidance**
LONDON, Jan. 7, 2025 /PRNewswire/ -- Metric Capital Partners, a prominent pan-European private capital investor based in London, has made a significant £100 million investment in Aonic, a rapidly expanding video gaming and technology group. This investment aims to bolster Aonic's growth and innovation efforts within the European gaming industry.
Founded in 2021, Aonic has swiftly expanded to encompass 12 businesses operating across Europe and North America, achieving £151 million in last twelve months (LTM) revenue as of Q3 2024. This transaction marks one of the largest growth capital investments in the European video gaming sector to date.
The legal advisory for Metric Capital Partners was provided by Dechert, a global law firm. The team included corporate partners Mark Evans and Giovanni Russo, along with associates Richard Murdoch, James Hutchens, Melissa Ayeltigah, Victor Chatelais, Philipp Schofer, Yasmin Yavari, and Jennifer Hill. Additionally, antitrust partner Michael Okkonen and intellectual property experts Paul Kavanagh and Nathan Smith contributed to the deal.
Dechert specializes in advising asset managers, financial institutions, and corporations on critical business and capital management issues. With nearly 1,000 lawyers across 19 offices worldwide, the firm focuses on sectors such as financial services, private equity, private credit, real estate, life sciences, and technology.
This investment by Metric Capital Partners is expected to enhance Aonic's capabilities and position within the competitive gaming landscape, reflecting the growing interest and potential in the European gaming market.
