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Sumo Digital bought by small and medium-sized business investment specialist

Oliver Gill
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Sonic and Sega All Star Racing was released in 2010

A private equity fund focussed on investing in the north of England made a healthy return by selling the video game developer behind Sonic and Sega All Star Racing.

NorthEdge sold Sumo Digital to London-based private equity house Perwyn.

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The sale sees NorthEdge realise a return that is nearly four and a half times its initial investment.

"NorthEdge has been an excellent partner for Sumo, supporting the business with both capital and expertise to help us achieve our growth ambitions," said Sumo Digital chief exec Carl Cavers.

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Other titles created by Sumo Digital include Little Big Planet 3, Forza Horizon 2 and Disney Infinity 3.0. And new owners Perwyn – who focus on developing small and medium-sized enterprises – were looking forward to growing the business.

"We believe there are significant opportunities ahead for Sumo as a leading independent games developer in a growing, global market place including the potential to apply the team’s substantial creative and technical capabilities to new titles and IP development," said Perwyn's Andrew Wynn.

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