Sagard NewGen acquires minority stake in Asobo Studio
Microsoft Flight Simulator developer Asobo Studio opened its capital to Sagard NewGen. The minority stake was acquired from Asobo's 12 founders, and aims at supporting the studio's growth, "while preserving its strategic and creative autonomy," the announcement said. Sagard NewGen is a French private equity firm that was founded in 2020 to support companies in the healthcare and tech sectors. This is its second operation so far. Asobo was founded in 2002 and has developed or co-developed 24 games since then. It met commercial and critical success in 2019 with A Plague's Tale: Innocence, which...