Heligan Group advised the shareholders of Tebex Limited (“Tebex”) on the sale of the business to the Israel based Overwolf Limited (“Overwolf”). 

Tebex is a high growth payment platform software business, working across the gaming sector with long relationships with a number of highly popular games such as Minecraft and Rust. Tebex offers an end to end payment solution for content creators to have a market place for transacting.

Overwolf is a technology platform that enables third party developers to build, distribute and monetise in-game apps and mods.  Most recently, Overwolf raised $75 million in Series D funding in November 2021 with backing from Insight Partners, Intel Capital and Liberty Technology.

Lee McNeil, Managing Director Tebex commented “Heligan were instrumental throughout the process and played a key role in achieving the deal that we wanted. We are a small team and Heligan were “hands-on” and efficient throughout which allowed us to focus on the business during important times during the transaction. They quickly understood the business which enabled information to be presented in the right manner and where appropriate, challenged our thought process which was greatly appreciated.   

It was great to work with Heligan on this transaction. Their approach was diligent, personal and charismatic which ensured we had an enjoyable and successful relationship. I wish Heligan all the best and greatly appreciate their assistance.”

Uri Marchand, CEO Overwolf stated “Thank you so much for your efforts and guidance during the process. I think Heligan’s contribution was critical to get a deal done, and I’m grateful for your work”.

Sector:  Software

Location:  Nottingham, England

Value:  £10m - £25m

Website:  www.tebex.io