Highlight Games

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Highlight Games
Date: May 2017
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:
“We are delighted to welcome Cherry as a significant strategic investor in Highlight Games. I would like to thank Akur for working alongside us in introducing Cherry and structuring this transaction, as well as bringing our earlier investors on board. We have seen real benefits from our long-term partnership with Akur and look forward to growing the business together in the coming years.”
Lead: David Shapton
Highlight Games

 

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Chris Young…

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. Tel: +44 (0) 20 3780 8746 Mob: +44 (0) 7471 141 303 Email: cyoung@akur.co.uk