Telcogames Ltd

03 July 2006

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YFM Group through The Capital Fund has invested in Telcogames Ltd, a mobile games innovator. The value of the deal has not been disclosed although it is known that The Capital Fund has taken a stake in the equity of the company as a result of the deal. The respect commanded by the company from mobile operators combined with the fact that mobile games revenues have shown strong growth in recent years attracted The Capital Fund to the deal. In addition, the company has recently acquired industry-leading development studios. Arkios introduced The Capital Fund to the company. It is understood that the company is seeking further funding of up to Â£5m in the form of capital and debt.

Company

Telcogames Ltd is headquartered in London and has operations in Finland, France, Sweden, Germany, Taiwan, Japan, Korea and Israel. Established in 2003, it has a staff of 57. It is a global publisher, developer and distributor of mobile games with clients including O2, Orange, Vodafone, Sony Ericsson and Nokia amongst others. The new capital will be used to fund expansion into new markets.

People

Stuart Nicol led the deal on behalf of The Capital Fund. Ian Livingstone has been appointed as a nonexecutive director as a result of the deal. He has experience in the sector, having founded the Games Workshop retail chain and launched Dungeons & Dragons in Europe.