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Founded Year

2011

Stage

Acquired | Acquired

About Fortis Advisors

Fortis Advisor is a provider of private merger and acquisition (M&A) post-closing shareholder representative services. The company has developed FORSITE, an online M&A deal terms tool that providers users with access to current, comprehensive and customizable data relevant to their private M&A deals.

Fortis Advisors Headquarter Location

4225 Executive Square Suite 1040

La Jolla, California, 92037,

United States

858-200-8688

Latest Fortis Advisors News

Stillfront reportedly sued for $30m by mobile subsidiary Kixeye

Oct 14, 2021

Lawsuit alleges that group breached a merger agreement related to milestone payouts Swedish publisher Stillfront Group is reportedly being sued for over $30 million by one its owned studios, Kixeye. According to VentureBeat , the lawsuit was filed by Fortis Advisors on behalf of Kixeye shareholders, and alleges that the company deliberately breached a merger agreement pertaining to a bonus owed to Kixeye if it hit certain milestones. The suit apparently accuses Stillfront of manipulating financial results in order to avoid the additional $30 million payout. It also alleges that Stillfront "readjusted" its pre-merger expenses to make it extremely difficult for Kixeye to hit the targets, which were based on previous performance. Stillfront acquired the Canadian studio in 2019 for $90 million in cash, and at the time, an additional payout of up to $30 million was expected if the company's financial goals for the same year were met. GamesIndustry.biz has reached out to Stillfront for comment. Find out how to kick start your games industry career

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Expert Collections containing Fortis Advisors

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Fortis Advisors is included in 1 Expert Collection, including Fintech.

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Fintech

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