Thomas Shey
Legend
Worse than that; they took out a loan on the equity of Asmodee. I've seen estimates that it would take six years at Asmodee's average yield to dig out of that hole.
It's a shame folks continue to silo their expertise behind social media like this.(Facebook post quoted because try pasting a functional Facebook link here…good luck)
Yeah, how the hell does this even work?It amazes me that it's legal to move debt around like that, but I'm not in that field.
It's a shame folks continue to silo their expertise behind social media like this.(Facebook post quoted because try pasting a functional Facebook link here…good luck)
Yeah, how the hell does this even work?It amazes me that it's legal to move debt around like that, but I'm not in that field.
Yeah, how the hell does this even work?
Asking for a friend.
It's a shame folks continue to silo their expertise behind social media like this.
There were acquisitions between those two events. So the set of assets sold in the two transactions were not the same. That would explain at least part of the difference.So the original owners sold it for something like what it was worth. Then the new owners managed to sell it for far more, and the next set of owners did the same. Looks like the value of the business has been wildly inflated by people who think "private equity" means "we can print money" and the final set of owners are trying to get blood out of stones.
Well, you'll still have Ravensburger.If this has a knock on effect to the European branch we over the pond are going to get stuffed. I think Asmodee are the only big name in hobby gaming distribution over here.
I know Ravensburger do board games but do they also do RPGs, CCGs...etc?Well, you'll still have Ravensburger.
So the original owners sold it for something like what it was worth. Then the new owners managed to sell it for far more, and the next set of owners did the same. Looks like the value of the business has been wildly inflated by people who think "private equity" means "we can print money" and the final set of owners are trying to get blood out of stones.