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Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. We are very much looking forward to become part of the Stillfront family”, says Clayton Stark, Head of Studio, KIXEYE. Combining portfolios and leveraging our knowledge in live ops execution and innovative monetisation will be a great formula for success. “We are very excited about the merger with Stillfront. It is with pleasure I today welcome Clayton Stark, Head of Studio and the whole team to Stillfront”, says Jörgen Larsson, CEO, Stillfront. KIXEYE are pioneers in free-to-play gaming and has a very strong track record in developing blockbuster IP’s. KIXEYE games portfolio of four strong IP’s and a well-known brand is a very good contribution to our existing game portfolio and increases the potential for synergies within the Group. “KIXEYE fits perfectly into Stillfront’s growth strategy by broadening our portfolio of studios and games with characteristics that drive long term gamer relations. Completion of the Transaction is envisaged to occur no later than 1 July 2019.The planned financing from new debt will be a combination of bond and bank financing. In the event of a rights issue, 70% has been secured through guarantees provided by Swedbank. The planned financing from new equity will be in area of SEK 500 million. This will be done through a combination of raising new equity, through a directed issue and/or a rights issue and through raising new debt. During the coming twelve months, Stillfront aims to repay the bridge and further strengthen the group’s future financial flexibility in line with Stillfront’s communicated financial targets. In order to finance the Transaction, Stillfront has obtained a bridge loan facility from Swedbank.Stillfront’s wide portfolio of successful games and KIXEYE’s four live blockbuster IPs provide for compelling complementary portfolios.The Transaction is in line with Stillfront’s communicated strategy to actively identify, evaluate and acquire attractive mobile and browser-based gaming companies in the strategy genre.Stillfront considers that the total consideration, including the potential earn-out, if payable, will result in a very attractive earnings multiple for Stillfront.

#War commander kixeye closing sectors pro#

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The total upfront consideration payable upon completion of acquisition of 100 percent of the shares in KIXEYE is payable in cash and amounts to USD 90 million on a cash and debt free basis.During the coming twelve months, Stillfront aims to repay the bridge and further strengthen the group’s future financial flexibility in line with the group’s communicated financial targets. In order to finance the Transaction, Stillfront has obtained a bridge loan facility from Swedbank AB (publ) (“Swedbank”). As part of the Transaction, the assets pertaining to the development of the massively multiplayer online game (MMO) product, Kingdom Maker, will be divested to Global Worldwide prior to completion. KIXEYE has offices in Canada, US, Vietnam and Australia.

#War commander kixeye closing sectors Pc#

KIXEYE is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games and approximately USD 850 million lifetime bookings. The sellers will also be entitled to a cash earn-out consideration if certain EBITDA levels for the financial year 2019 are achieved, which is subject to a cap of USD 30 million. a leading developer and publisher of online strategy games headquartered in Canada, to acquire 100 percent of the shares in KIXEYE (“KIXEYE” or the “Company”) for an upfront 100% cash consideration of USD 90 million on a cash and debt free basis (the “Transaction”). Stillfront Group AB (publ) (“Stillfront”) has today entered into an agreement with the owners of KIXEYE, Inc.