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Metaverse

Acquisition Opportunity

Hilco Streambank (“Hilco”) is seeking offers to acquire the business and assets of award-winning live audience engagement and meeting analytics platform developer (the "Company").  

Bid Deadline

March 4, 2023 at 4pm GMT

Background

Hilco is delighted to offer for sale the business and assets of Project Metaverse, a market leader in immersive event technology. The Company’s Brand Experience Platform offers major brands a SAAS solution to engage and monetise consumer audiences in the metaverse. The business has partnership contracts with leading tech brands and premium music content creators.

The salient details on the business are as follows:

  • Business model offering both direct sales (SAAS) and vendor sales (Enterprise)
  • The Platform’s core technology modules can easily be repurposed as white label solutions, enabling enterprise clients to offer branded solutions that are wholly owned.
  • Established technology platform with a track record of holding ground-breaking virtual live events
  • Attractive brand and accompanying intellectual property portfolio
  • Investment to date c.£2m

Business Assets

Technology

The SSAS content creation/immersive event platform;

Accompanying IP Portfolio

Including a registered trade mark protecting the brand, copyright in the website content, domain names, social media assets and customer contracts;

Content Library 

Several hundred hours of audio-visual content from premium content creators

Organisational Knowledge 

Trade secrets and organisational knowledge covering the development of the technology;

Customer Contracts

Goodwill

 

The exiting partnership contracts;

 

The valuable goodwill attached to the business

Sale Process

Offers are due Thursday 2 March 2023 at 4pm GMT.

All expressions of interest and bids are to be directed to Hilco in writing. A Bid Submission Form is available on request. Please contact Hilco to gain access to a virtual data room for further information on signing a confidentiality agreement.

Key Terms & Conditions

The bidder acknowledges that Hilco acts as an agent for the Company who offer for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco and bidders are deemed to have carried out their own due diligence.

VAT, if applicable, at 20% will be added to the price. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. Legal completion to occur within 5 business days of bid acceptance Hilco's full Terms and Conditions apply. Hilco Streambank's full Terms and Conditions apply. 

Contact Us

To register your interest and for further information about the sale process, please contact the following Hilco Streambank representatives:

Roland Cramp
+44 (0) 7710 152 668
rcramp@hilcoglobal.eu

Interested Parties

 
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