Technology, Media & Telecoms
Investec acts as Joint Bookrunner to Sumo Group to raise £14m in a secondary fundraise
Investec acted as Joint Broker and Joint Bookrunner to Sumo group on the transaction.
Investec helped to establish the equity story and arranged a targeted roadshow with existing shareholders and new investors to ensure the successful completion of the £14m secondary fundraise.
About Sumo Group
Sumo Group's businesses provide acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, and Canada.
Sumo Digital, as the Group's primary business, is one of the UK's largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Leamington Spa, Warrington and Pune, India. The business has acquired three studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room in Brighton, Red Kite Games in Leeds and Lab42 in Leamington Spa. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.
Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film and visual effects industries.