NODWIN Goes All-In on Freaks 4U Gaming

NODWIN Gaming to take a controlling stake in Freaks F4 Gaming

Berlin-based esports and gaming marketing agency Freaks 4U Gaming GmbH recently announced that it has entered into definitive agreements with NODWIN Gaming, a subsidiary of Nazara Technologies that will see the company own 100% of its equity.

Under the terms of these new agreements, NODWIN Gaming will increase its existing stake in the company from its current 13.51% to 100%, across several tranches through a share swap valued at up to €30.3M EUR (roughly $32.5M USD).

On Jan. 31, Freaks 4U Gaming announced an equity investment of €8M EUR ($8.67M USD) from NODWIN Gaming. That amount included a previously announced loan agreement (now converted into equity) of €3.6M ($3.9M) and the purchase of additional Freaks 4U shares with a contribution of €4.4M ($4.77M). With these transactions, NODWIN contributes a total investment of €8M ($8.67M) into Freaks 4U and holds a 13.51% stake in the company.

The news follows an announcement last week from Freaks 4U GamingCEO Michael Haenisch that the company would be initiating a series of layoffs as a means to bring further stability to the business—the company’s last round of layoffs occurred in December:

Freaks 4U Gaming will retain its brand identity and operational independence, with Michael Haenisch working closely with Akshat Rathee, according to a release.