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Selected transactions · Acquisition

Cleo.xyz acquires Pavia.io

Cleo.xyz acquired Pavia.io, the first metaverse platform built on the Cardano blockchain, where users own, develop, and trade virtual land. GDA led the transaction, bringing a portfolio position under the roof of a platform the firm also serves.

Pavia anchors Cleo's consumer platform alongside Zenko Protocol — and set up the group's subsequent acquisition of Script Network.

The record

Role

Transaction lead

Year

2024

Acquiror

Cleo.xyz

Target

Pavia.io

Business

Investment Banking

Sector

Media, Gaming & Entertainment

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Related on this site

Cleo.xyz — group announcementThe portfolioMedia, Gaming & Entertainment — sectorWhat is virtual real estate?How is virtual land valued?Cleo — case studyTechnology roll-up advisory — the guideAll transactions

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