Sector

Team17 is the global games label, creative partner and developer of independent, premium video games.

Investment type
  • Development capital
Investment

£16.5m

Exit type
  • IPO
Exit date

May 2018

Exit value

£107.5m

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We only met with a few people. We were fortunate because everyone tabled offers for what we wanted, so we chose the best partner. LDC brings a globally-recognised name, and they have been really good at connecting us.”

Debbie Bestwick MBE, CEO and Founder
Team17

Comprehensive support

Team17 continued to grow with revenues rising by 119% to £29.6m in 2017 (2016: £13.5m), and EBITDA increasing by 111% to £12.9m (2016: £6.1m) over the same period.

Growth was underpinned by further investment in product development and new launches, continued overseas expansion and a commitment to delivering a bespoke service to each of its partners.

Our work with Team17 went beyond just financial backing.

Debbie explains: “LDC helped me develop as a person as well as developing the business. For example, the team encouraged me to enter the EY Entrepreneur of the Year award. Because of that, I did loads of interviews and really learned how to position the business to outsiders. If I hadn’t done that, I wouldn’t have had the skill for the IPO meetings.”

Ongoing investment

In May 2018, we partially exited our investment in Team17 following its successful IPO. The £217m listing raised proceeds of approximately £107.5m. Recognising the continued growth potential of the business, we remained an investor.

Following the IPO, the business has further accelerated its growth strategy and raised its profile on a global scale.

Read more about the Team17 success story >

Quote mark

They have helped me develop as a person as well as developing the business. It was LDC that encouraged me to enter the EY Entrepreneur of the Year award. Because of that, I did loads of interviews and really learned how to position the business to outsiders. If I hadn’t done that, I wouldn’t have had the skill for the IPO meetings.”

Debbie Bestwick MBE, CEO and Founder
Team17

Awards

Disrupter of the Year

Debbie Bestwick MBE, CEO Team17 – EY Entrepreneur of the Year

Growth Management Team of the Year

Team17 – BVCA Management Team Awards in Yorkshire and the North East

Sunday Times SME Export Track 100

2018