Stillfront Group AB: Venture Fund IQ Capital has Divested All Holdings in Stillfront Group
(Thomson Reuters ONE) -
PRESS RELEASE
October 10, 2017
UK Venture Investor IQ Capital has Divested All Holdings in Stillfront Group
The UK Venture Investor and Tech Specialist IQ Capital, via its fund IQ Capital
Fund I, originally invested in Power Challenge, the studio behind the successful
Managerzone sports management game, in 2010. Power Challenge was acquired by
Stillfront Group in 2012, whereby IQ Capital became a shareholder in Stillfront
Group and continued to support the company in its growth. IQ Capital held
330,598 shares in Stillfront prior to the divestment, which has taken place
during the past weeks.
IQ Capital invests in private seed and early stage start-ups in the technology
sector and aims to exit these within 5-6 years, when they become public
companies or are acquired by larger corporates.
"I am very pleased with the development of Stillfront Group since IQ Capital
became a shareholder in 2012 - the growth has been extraordinary. We have
considered the 2015 IPO as a 'path to exit' event and the continued growth and
strong performance of the shares since IPO gave us an opportunity to divest all
of our stake - which is fully in line with our investment philosophy", says Max
Bautin, Managing Partner, IQ Capital Partners LLP.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Jörgen Larsson, CEO, Stillfront
Tel: +46 70 321 18 00
E-mail: jorgen(at)stillfront.com
ABOUT STILLFRONT
Stillfront is a group of independent creators, publishers and distributors of
digital games - with a vision to become the leading group of indie game creators
and publishers. Stillfront operates through eight near-autonomous subsidiaries:
Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK
and Sweden, Dorado Online Games in Malta, Simutronics in the United States,
Babil Games in UAE and Jordan, eRepublik in Ireland and Romania and OFM Studios
in Germany. Stillfront's games are distributed globally. The main markets are
France, UK, Germany, the United States and MENA. For further information, please
visit www.stillfront.com.
SELECTED GAMES
Stillfront's portfolio includes games across multiple platforms. Unravel,
developed by Coldwood in collaboration with Electronic Arts, won 20+ awards at
E3 and gamescom and was released in February 2016. Supremacy 1914 and Call of
War are high-immersion war strategy games developed by Bytro Labs. ManagerZone
is a sports management strategy game launched in 2001. DragonRealms and GemStone
IV are MUD-style games with a very loyal player base. Lara Croft Relic Run(TM)
is a popular mobile game developed by Simutronics. Tank Storm and Admiral are
mobile strategy games with very strong player bases, which are published by
Babil Games. World at War is a successful mobile strategy game developed and
published by eRepublik Labs. Online Fussball Manager is a leading sports
management game.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Stillfront Group AB via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 10.10.2017 - 11:04 Uhr
Sprache: Deutsch
News-ID 562992
Anzahl Zeichen: 3596
contact information:
Town:
Linköping
Kategorie:
Business News
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