Carlsquare Corporate Finance has advised Bytro Labs on the Merger with the Swedish Stillfront Group
2 Dec 2013
Hamburg-based HTML5 pioneer Bytro Labs announced its merger with striving social entertainment company Stillfront Group to become one of Europe’s leading cross platform providers of digital entertainment.
The partners share the vision of combining their exceptionally strong portfolios of products, technologies and expertise to build lasting success in a hit-driven business and to become a key player in the industry.
‘Having the Stillfront Group – its people, know-how and international contacts – on our side opens a great number of opportunities for our further growth. I am excited to see how this cooperation will increase not only our competitiveness but also our visibility as a player in the market’, says Tobias Kringe, Managing Director of Bytro Labs.
‘Bytro Labs business culture is a perfect match for the spirit of our group’, Stillfront CEO Jörgen Larsson adds , ‘We share the same vision of sustainable growth. Together we will be able to access new markets and exploit new possibilities much more efficiently than we could on our own.’
Both businesses remain operating under their own name.
About Bytro Labs
Bytro Labs GmbH is an owner-managed company, which develops and publishes technically sophisticated, browser-based and mobile online games. By now, the games have over 3m registered users and are available in fifteen different languages. Bytro Labs was founded in 2009 by Felix Faber, Tobias Kringe and Christopher Lörken. They were decorated as ‘Founders of the Month’ in June 2010 by the state of Baden-Württemberg and with the ‘Technology Fast 50 Rising Stars’ award by Deloitte in fall 2012.
About Stillfront Group
Stillfront Group´s business concept is to develop, publish and operate online social games, console/handheld games and digital entertainment. The company has offices in Uppsala and Umeå, Sweden and Hong Kong, China with more than 30 full-time employees. Stillfront Group’s online gaming branch is a pioneer online game developer specializing in creating Fan Immersion Games based on high profile IPs. Online activities also include social gaming community sites and MMO development. The console branch of the company Coldwood is producing blockbuster titles for PS3, PC and Xbox platforms, with publishers like Sony Entertainment.
Carlsquare supports enterprises and their shareholders concerning strategic capital transactions, the sale and acquisition of shares or the implementation of capital increase. Carlsquare is led by three partners and operates offices in Hamburg and Munich with 15 employees. Carlsquare has been one of the top performers in the German corporate finance sector for transactions under €50m for a number of years.
Carlsquare is a member of the international Globalscope network of corporate finance and business advisers. Founded in 1987, Globalscope now has 31 members on every continent in 25 countries. The focus is set on cross-border M&A.
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