Baker McKenzie advised Carnegie, Nordea and Swedbank in connection with the deal.
Stillfront Group AB (publ) board of directors has resolved to conduct directed share issues, partly subject to approval from an extraordinary general meeting, raising total proceeds of SEK 1.3 billion. The proceeds will, among other things, be used to finance the acquisition of Storm8, Inc.
Stillfront is a global group of gaming studios and a market leader in the free-to-play online games genre.
Carnegie Investment Bank AB (publ) acted as Sole Global Coordinator and Joint Bookrunner and Swedbank AB (publ) and Nordea Bank Abp, filial i Sverige acted as Joint Bookrunners (jointly the “Managers”).
The Baker McKenzie team consisted of Joakim Falkner (Picture), Henric Roth, Ian Gulam and Per Blom from the Stockholm office and Roger James and Adam Farlow from Baker McKenzie’s London office.
Law Firms: Baker McKenzie;