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. The interest in the directed share issues was strong from both reputable Swedish and international institutional investors and current shareholders.

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) acts as Sole Global Coordinator and Joint Bookrunner and Swedbank AB (publ) and Nordea Bank Abp, filial i Sverige act as Joint Bookrunners (jointly the "Managers"). Baker McKenzie acts as Swedish and US legal counsel to the Managers in connection with the share issues. Baker McKenzie’s team consists of Joakim Falkner, Henric Roth, Ian Gulam and Per Blom from the Stockholm office and Roger James and Adam Farlow from Baker McKenzie's London office.

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