26 February 2015
Gernandt & Danielsson advises Zenterio AB in connection with a capital raising and strategic acquisitions
Gernandt & Danielsson has during the end of 2014 advised Zenterio AB (publ) in connection with an issue of new shares to Swedish and international investors and in connection with Zenterio's acquisition of Systemagic AB, where part of the payment consisted of new shares in Zenterio. The issues together amount to approximately SEK 80 million. Systemagic develops IPTV-platforms, interactive TV services, Ux and applications such as video, music and advertising.
Gernandt & Danielsson has also advised Zenterio in connection with its acquisitions of 27M Group in September 2014 and VTilt Digital in January 2015, which was carried out as an asset acquisition. 27M Group has been an important development partner to Zenterio and has extensive experience in software development, testing, and implementation for TV operators. VTilt is a consulting firm that has experience in digital video technology and has developed software for companies inside and outside the TV industry.
Through the acquisitions, Zenterio expands its skills base within strategically strong growth areas and establishes a North American market position.
Gernandt & Danielsson advised Zenterio with a team consisting of Partner Carl Westerberg, Senior Associate Leo Lee and Associate Oscar Anderson.