Joffre Capital Seek Financing to Gain Control of Playtika – Bloomberg

Bloomberg News

Joffre Capital, a tech-focused buyout firm started by Chinese dealmakers, is seeking financing to fund a potential bid for control of mobile game developer Playtika Holding Corp., people with knowledge of the matter said.

The investment firm is considering boosting its Playtika stake to become the majority shareholder, according to the people, who asked not to be identified because the information is private. It is studying a purchase of Chinese online gaming tycoon Shi Yuzhu’s remaining holding in the firm, the people said.

Joffre Capital has been in talks with several lenders about funding for a potential transaction, the people said. Shares of Playtika have fallen 47% over the past year, giving it a market value of about $5.1 billion.

The private equity firm agreed last month to acquire 25.7% of Israel-based Playtika from entities related to Shi for $2.2 billion. It’s paying $21 per share for the stake. Shi’s affiliates will still own roughly 34% of Playtika after…

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