Nacon Bundle
Who owns Nacon?
Understanding a company's ownership is key to grasping its direction and accountability. Nacon SA, a French video game company, transitioned from private to public ownership with its IPO in March 2020. Previously known as Bigben Interactive SA, it was founded in 1981 with a mission to deliver innovative gaming hardware and software.
Nacon's business spans gaming accessories, including peripherals under its own brand, and video game publishing. As of July 2025, the company's market capitalization stands at $98.24 million USD. Its ownership is a mix of its original founding entity, institutional investors, and public shareholders, all shaping its growth trajectory.
The ownership structure of Nacon SA is multifaceted, reflecting its journey from a private entity to a publicly traded company. Initially, ownership was concentrated with its founders and early stakeholders. Following its IPO in March 2020, the ownership base expanded significantly to include institutional investors and the general public who purchased shares. This diversification of ownership has influenced the company's strategic decisions and its approach to market expansion, including its Nacon Porter's Five Forces Analysis.
Who Founded Nacon?
Nacon SA's journey began with the establishment of Bigben Interactive SA in 1981 by Alain Falc. Falc's early career focused on electronic products before he pivoted to the video game industry in 1993. By 1999, Bigben Interactive had become a significant player in designing and manufacturing third-party video game console accessories in France, leading to its public listing. Alain Falc's foundational role as founder and strategist laid the groundwork for the company's initial ownership and direction.
| Key Figure | Role | Year |
|---|---|---|
| Alain Falc | Founder of Bigben Interactive SA | 1981 |
| Alain Falc | Pivoted to video game sector | 1993 |
| Bigben Interactive SA | Leading designer/manufacturer of video game accessories | 1999 |
| Nacon SA | Unified gaming entity formed | 2019 |
Alain Falc established Bigben Interactive SA in 1981, initially focusing on electronic products.
Falc transitioned the company's focus to the video game sector in 1993.
By 1999, Bigben Interactive was a prominent designer and manufacturer of third-party video game console accessories in France.
Bigben Interactive successfully listed on the stock exchange, marking a significant step in its growth.
In 2019, the Bigben Group consolidated its gaming operations, including Nacon, into a new entity, Nacon SA.
The creation of Nacon SA aimed to foster synergies and establish an integrated pure-play in the video gaming market.
The strategic consolidation in 2019 that led to the formation of Nacon SA was a pivotal moment, formalizing Nacon as a distinct entity. This move was designed to streamline operations and unlock new avenues for financing crucial for expansion. The overarching vision, largely shaped by the founding team led by Alain Falc, was to build a comprehensive video gaming company encompassing development studios, AA video game publishing, and the design and distribution of premium gaming peripherals. This strategic restructuring allowed Nacon to better position itself within the competitive gaming landscape, as detailed in the Competitors Landscape of Nacon.
While precise initial equity distributions for Bigben Interactive are not publicly disclosed, Alain Falc's leadership as the founder was instrumental in shaping the company's early trajectory and ownership structure.
- Alain Falc's entrepreneurial vision was the driving force.
- The company's growth was fueled by its success in the video game accessory market.
- The transition to Nacon SA in 2019 marked a significant shift in corporate structure.
- This restructuring aimed to enhance financial flexibility and strategic focus.
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How Has Nacon’s Ownership Changed Over Time?
Nacon SA's ownership landscape has seen significant shifts, notably with its Euronext Paris listing in March 2020. This event introduced 83,279,807 existing shares and 18,181,819 new shares, raising €100 million and establishing a market capitalization of €458 million at the time of trading commencement.
| Shareholder Type | Percentage of Shares (as of July 22, 2025) | Percentage of Voting Rights (as of March 31, 2024) |
|---|---|---|
| Bigben Interactive SA | 60.23% | 70.49% |
| Institutional Investors (Collective) | 55.92% | N/A |
| Public Companies and Retail Investors (Collective) | 38.58% | N/A |
| Bpifrance Participations | 2.07% | 2.60% |
| CDC Croissance | 2.85% | N/A |
The primary shareholder in Nacon SA is Bigben Interactive SA, which holds a substantial 60.23% of the share capital and 70.49% of the voting rights as of March 31, 2024. This significant stake underscores that while Nacon functions as an independent public entity, its control largely remains with its former parent company. As of July 22, 2025, institutional investors collectively own 55.92% of Nacon's shares, with public companies and retail investors holding 38.58%. The total number of outstanding shares was 108 million as of July 18, 2025. Understanding these Nacon SA ownership details is crucial for grasping the company's strategic direction and governance. For a deeper dive into the company's journey, explore the Brief History of Nacon.
Nacon's ownership is characterized by a strong controlling stake and significant institutional backing.
- Bigben Interactive SA is the primary shareholder, holding over 60% of Nacon's shares.
- Institutional investors collectively represent a major portion of Nacon's shareholder base.
- Public companies and retail investors also form a notable segment of Nacon's investors.
- Bpifrance Participations and CDC Croissance are identified as significant institutional Nacon investors.
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Who Sits on Nacon’s Board?
The Board of Directors at Nacon SA is instrumental in guiding the company's strategic direction and reflects its ownership dynamics. As of June 2, 2025, the board approved the financial statements for the fiscal year ending March 31, 2025. Alain Falc holds the positions of Chairman and Chief Executive Officer.
| Board Member | Role |
|---|---|
| Alain Falc | Chairman and Chief Executive Officer |
| Sébastien Bolloré | Board Member |
| Jacqueline De Vrieze | Board Member |
| Sylvie Pannetier | Board Member |
| Jean-Christophe Thiéry de Bercegol du Moulin | Board Member |
| Florence Lagrange | Board Member |
| Richard Mamez | Board Member |
| Anne Badot Janssen | Board Member |
| Nicolas Parpex | Board Member |
The voting power within Nacon SA is significantly influenced by its share structure, particularly the provision for double voting rights after a two-year holding period. This policy can amplify the influence of long-term shareholders, such as Bigben Interactive SA, on corporate decisions. As of September 30, 2024, Nacon SA's share capital comprised 108,198,534 shares, which corresponded to 161,896,469 gross voting rights. This substantial difference highlights the impact of accumulated double voting rights on the overall voting power distribution. Alain Falc also plays a key role in the executive committee, alongside Anne Badot Janssen (Director of Finance/CFO), Laurent Honoret (COO), and Sylvie Pannetier (Treasurer), underscoring their collective influence on the company's operational and financial management, which is a critical aspect of Growth Strategy of Nacon.
Understanding Nacon's ownership structure is key to grasping its governance. The company's bylaws grant double voting rights to shares held for at least two years.
- Alain Falc is both Chairman and CEO.
- Sébastien Bolloré's board position suggests potential ties to a larger business group.
- Bigben Interactive SA is a significant shareholder with potential for amplified voting power.
- As of September 30, 2024, Nacon had over 108 million shares and more than 161 million voting rights.
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What Recent Changes Have Shaped Nacon’s Ownership Landscape?
In the last three to five years, Nacon has seen significant shifts in its ownership and strategic direction. A key event was a capital increase in July 2024, which bolstered Nacon's equity to €284.4 million as of March 31, 2025. This period also marked strategic acquisitions, including Daedalic Entertainment in April 2022 for approximately $60 million, and the establishment of Nacon Studio Milan in May 2022, which incorporated the earlier acquisition of RaceWard Studio in October 2020. The company's core strategy continues to focus on expanding its portfolio of AA games and gaming accessories.
| Development | Date | Details |
|---|---|---|
| Capital Increase | July 2024 | Equity reached €284.4 million as of March 31, 2025 |
| Acquisition | April 2022 | Daedalic Entertainment for an estimated $60 million |
| Studio Formation | May 2022 | Nacon Studio Milan, including RaceWard Studio (acquired Oct 2020) |
Industry trends indicate a rise in institutional ownership, and Nacon has experienced a slight dilution of shares, with total shares outstanding increasing by 23.2% over the past year. Despite this, Nacon anticipates robust growth in the 2025/26 financial year, fueled by an expanded release schedule for new games and accessories. For the full year 2024/25, the company reported sales of €167.9 million, remaining stable year-on-year, with a notable improvement in gross margin to 64.4%. Nacon's objective is to achieve critical mass through further studio acquisitions and the growth of its proprietary and licensed content. Public disclosures, such as the Universal Registration Document filed on June 27, 2025, underscore their financial performance and strategic outlook, highlighting an enhanced product lineup and a commitment to continuous innovation for the 2025/26 financial year. Understanding Nacon's Marketing Strategy of Nacon provides further context to these developments.
Nacon has seen increased institutional ownership. There has been a slight dilution of shares, with total shares outstanding growing by 23.2% in the past year.
The company acquired Daedalic Entertainment in April 2022 for an estimated $60 million. Nacon also formed Nacon Studio Milan in May 2022.
Sales for the full year 2024/25 were €167.9 million, stable year-on-year. The gross margin improved to 64.4%.
Nacon anticipates strong growth in the 2025/26 financial year due to a busier release schedule. The company aims for critical mass through further studio acquisitions.
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