Since its admission to AIM in July 2013, Keywords Studios has become the trusted global solutions provider to the world’s leading video games and entertainment companies, working with them across the full content development cycle, from concept through to launch and beyond. Keywords Studios has an excellent track-record of evolving the business to meet its clients’ needs and has a diversified portfolio with services across the video-games life cycle.

As a global investor with decades of experience investing in services and technology, EQT’s support for Keywords’ management team and strategy will enable it to accelerate its growth, including through additional capital for its value accretive acquisition strategy. It will also enable the business to expand into new and adjacent markets and invest in innovative technologies and services that will help it continue to meet changing customers’ needs and maintain its status as the global gaming services market leader.

On behalf of the consortium, Janice Leow, Partner in the EQT Private Equity Advisory Team and Head of Private Capital Southeast Asia, commented: "We look forward to a strong partnership with the Keywords Studios management team to support and build on their strategy as a global leader in end-to-end video gaming technology services. Operating in a rapidly expanding market with strong tailwinds underpinned by a continued shift towards lean-forward entertainment, Keywords Studios is well-positioned to unlock substantial long-term value through its strong talent base and deep industry relationships. As the sector continues to evolve, the company's focus on technology innovation, higher value-added services, and international expansion will be critical in driving future growth.”

Keywords Studios CEO Bertrand Bodson said: “This is a significant milestone for Keywords Studios as we start the next phase of our growth journey alongside our new partners. The hard work and dedication of everyone at Keywords Studios, as well as the long-standing support of our clients and shareholders, has enabled our growth over the last decade and I would like to thank them all for their support. We are confident that our expertise, combined with EQT’s resources, will only strengthen our ability to serve our customers and realise our growth potential and mission to be the world’s leading content creation platform for the video gaming industry. I look forward to what the next chapter will bring for our company, customers and employees.”

EQT has a long and successful track record investing in the services and technology industries, working alongside entrepreneurial management teams to accelerate growth in global businesses and transform them into industry leaders. EQT is investing from its BPEA Private Equity Fund VIII.

With this transaction, BPEA Private Equity Fund VIII is expected to be 80-90 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size and subject to customary regulatory approvals.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of BPEA Private Equity Fund VIII will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.