GoodGame Advisors: Providing Expert Deal Advisory Services in the Gaming Industry
The gaming industry has recently experienced a significant slowdown, with numerous layoffs and a decrease in deals. However, Nick Tuosto, former head of gaming at LionTree, has identified an opportunity to bring deals back to the game industry. Tuosto has announced the launch of GoodGame Advisors, a boutique deal advisory firm that specializes in advising on acquisitions.
Tuosto is not only the founder of GoodGame Advisors but also the managing director of Griffin Gaming Partners, a leading venture capital firm focused exclusively on gaming. Griffin Gaming Partners manages over $1.2 billion in assets and has invested in 80 portfolio companies. This dual role gives Tuosto a unique perspective on both investments into game studios and mergers and acquisitions (M&A) exits in the gaming industry.
GoodGame Advisors has positioned itself as a strategic partner to Griffin Gaming Partners. The partnership leverages GoodGame Advisors’ financial and strategic advisory expertise along with Griffin’s data-driven venture insights. This collaboration enables the firms to provide nuanced advice to select clients of GoodGame Advisors and investors and portfolio companies of Griffin.
With more than 30 transactions in the interactive entertainment industry under their belt, GoodGame Advisors has advised on deals totaling over $30 billion in transaction value. Their clients range from emerging companies to well-established industry leaders. The firm’s track record and expertise make them a trusted and valuable resource for companies in the gaming sector.
Nick Tuosto expressed his passion for providing trusted and value-creating advice to clients, stating that their intense focus on the interactive entertainment ecosystem allows them to deliver differentiated and creative outcomes. GoodGame Advisors aims to continue their successful track record and serve their clients with excellence.
The establishment of GoodGame Advisors has garnered support from industry veterans. Strauss Zelnick, chairman and CEO of Take-Two Interactive and managing partner at ZMC, commended Tuosto’s prioritization of long-term success and praised the value of their domain expertise and practical, commercial, and actionable advice.
The team at GoodGame Advisors consists of not only Nick Tuosto but also Frankie Zhu, managing director, and Seth Nutt, vice president. All three individuals previously worked at LionTree, bringing their extensive experience and knowledge to the firm.
In conclusion, the launch of GoodGame Advisors signifies a comeback of deals in the gaming industry. With their expertise and strategic partnership with Griffin Gaming Partners, GoodGame Advisors is well-positioned to provide valuable deal advisory services to clients in the interactive entertainment sector.