Matt Martin
16:19 (BST)
08/08/2007
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Playlogic seeking further investment opportunities
Publisher partners with banking firm for potential growth
Investment banking firm Spencer Clarke is to help PlayLogic build stronger relationships with the investment community as the publisher looks towards future growth.
The ambitious publisher saw profits rise 71 per cent in 2006, and has recently renewed its publisher status with SCEE and is an official publishing partner for Nintendo's Wii.
"We are delighted to work with the Playlogic management team as it seeks growth capital and alliances that will help the firm expand within the worldwide gaming industry. This is the fastest-growing entertainment media segment during the next five years," said Geoffrey Finkel, VP of Investment Banking at Spencer Clarke.
PlayLogic currently employs around 75 members of staff and has 10 games in development for various platforms.
"We are very content that Spencer Clarke will be assisting us in the future growth of Playlogic. Itâs a partnership and alliance that brings us extensive industry experience which assists us beyond a capital raise," commented Wilbert Knol, CFO of Playlogic.
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