Acquisition of Sold Out Ltd. (UK) and financing in Toadman Interactive AB (SE) — GBP 16 million

Carnegie acted as financial advisor to Toadman in relation to the acquisition of Sold Out, the tap issue of its existing bonds and the directed share issue. Toadman develops and markets PC, console and mobile games for the global games market and, since the acquisition of Petrol, has an in-house creative marketing agency for gaming, tech and sports. Sold Out is a London-based leading video game publisher and distributer specializing in digital and physical publishing for console and PC formats. December 2019.