Gernandt & Danielsson has advised Stillfront Group AB (publ) in connection with a directed new share issue through an accelerated bookbuilding procedure, raising approximately SEK 1 billion. The investors in the directed new share issue consist of a number of Swedish and international institutional investors.

Stillfront is a leading free-to-play powerhouse of gaming studios. Stillfront’s main markets are the US, Germany, MENA, UK and Canada. Stillfront is headquartered in Stockholm, Sweden, and the company is listed on Nasdaq Stockholm.

Gernandt & Danielsson’s team has consisted of partner Fredrik Palm, senior associate Oscar Anderson and associates Simona Stenborg and Emelie Ögren.