O’Melveny advises Diversis Capital on acquisition of Performance Designed Products
O’Melveny has advised private equity firm Diversis Capital on its acquisition of Performance Designed Products, LLC (PDP), a developer of video game accessories and peripherals.
The transaction was announced 26 April.
Headquartered in Los Angeles, Diversis partners with software and technology enabled companies to help build value and drive growth. Diversis currently has more than USD350 million in assets under management.
Headquartered in San Diego, PDP markets a full suite of video game accessories including headsets, controllers, chargers, and protective cases for Xbox, Nintendo, and PlayStation. PDP sells hardware and software products under their own brands—PDP Gaming, Afterglow, Rock Candy and Victrix—which are sold worldwide, including at retailers Wal-Mart, Target, Amazon, GameStop, and Best Buy.
The O’Melveny team representing Diversis was led by Century City M&A partner David Smith and included partner Evan Jones, counsel Zach Greenberg and Sarah Hoffner, and associates Adrian Vidaurri, Stephen Xie.