Dechert Advises Turtle Beach on Its Acquisition of Performance Designed Products

Dechert advised Turtle Beach, a leading gaming accessories brand, on its strategic acquisition of Performance Designed Products (PDP), a top gaming accessories provider, for an enterprise value of US$118 million.

The transaction will significantly expand Turtle Beach's operations, increase its current product offerings and enable future development opportunities. It is anticipated for the transaction to yield immediate value to Turtle Beach shareholders, enhancing key metrics such as the company’s growth prospects, strategic positioning with retailers and customers and financial profile.

The Dechert team that advised Turtle Beach includes corporate partner Stephen Leitzell and associates Michael Gordon and Andrew Darnell; global finance partner Alon Goldberger and associates Merinda Davis and Ashtyn Hemendinger-Oswald; tax partner David Passey and associate Ishani Kundu; intellectual property partner Thomas Rayski and associate Spencer Joffrion; employee benefits partner Kevin Kay; and labor counsel Jeffrey Rubin.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our 1,000+ lawyers across 21 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.