Palo Alto, CA – March 18, 2014
Woodside Capital Partners International LLC, a global, independent investment bank, announces it acted as financial advisor to Phoenix Age, one of the hottest social games companies specializing in mobile and social platforms. Phoenix Age has been acquired by Kabam, a leader in free-to-play games for traditional players. The financial terms of the transaction were not disclosed.
The acquisition broadens Kabam’s offerings into role-playing (RPG) genre across mobile and web platforms with Phoenix Age’s free-to-play RPG mobile games. Phoenix Age created the popular Castle Age and Underworld Empire, both of which are on the top grossing charts on their respective platforms. Phoenix Age currently has a third title in development which is highly anticipated. The company has 44 employees and will continue to operate in their current offices in San Francisco.
“Phoenix Age is one of the great leaders in the social games space,” said Kelly Porter, Managing Director of Woodside Capital Partners. “The company is a juggernaut that is building super-compelling games and is an enormous growth engine in both mobile and social.”
About Phoenix Age
Phoenix Age is an emerging growth company in the mobile and social games space, producing games for Facebook, Myspace, and iOS. Since its creation in 2009, over 15 million users have enjoyed Castle Age and their latest game, Underworld Empire, a crime based role-playing game, is quickly climbing the charts. For more information about Phoenix Age, visit www.phoenixage.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. The team of Woodside Capital Partners has completed transactions totaling more than $10 billion. Woodside Capital Partners is the Silicon Valley headquarters of M&A International, the world’s leading mergers and acquisitions alliance. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com.
Woodside Capital Partners International LLC