|Deal Size:||Initial £2.4 million investment by Cherry AB at a £10 million valuation|
|About the client:||Highlight Games creates unique virtual sports content from major European football matches under multi-year rights packages|
|About the transaction:||Cherry AB, the Nasdaq-listed online gaming operator, acquired 25 per cent of Highlight Games Limited, together with an option to acquire a further 26 percent.
Cherry’s investment is the third round of funding secured from three separate investors by Akur for Highlight Games during 2016 and 2017.
Tim Green, Chief Executive of Highlight Games said:
Chris is focused on listed closed-ended funds, specialising in both equity and debt capital fundraising.
He has over 16 years’ experience in both sales and research. With relationships across many of the large institutional investors in the sector, he has worked across IPOs, secondary fundraisings, placings and sales.
He began his career in the City as an investment funds analyst at Credit Lyonnais in 1999, and has subsequently held positions at Lazard Panmure Gordon, Arbuthnot Securities, and most recently as a specialist salesman within the investment funds team at Westhouse Securities. He is focused on private and public real estate and REITs, infrastructure and utilities, emerging markets, private equity and alternatives.
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