SYNCH LEGAL ADVISOR TO ZOUK CAPITAL IN READLY’S SERIES B FINANCING ROUND OF EUR 13 MILLION
Synch has acted as legal advisor to Zouk Capital in connection with Readly International AB’s series B financing round of EUR 13 million. Other investors included Hermes GPE, Channel 4’s Commercial Growth Fund and Aggregate Media. The investment was made to drive Readly’s next stage of development, to further its international expansion and support growth in its existing markets.
Zouk Capital is a UK based private equity and infrastructure fund manager dedicated to generating strong returns through investments which make a genuine environmental impact. Zouk invests in companies that advance resource efficiency and it finances the construction of renewable energy and environmental assets.
Readly offers an app for tablets and smartphones that lets customers have unlimited access to thousands of national and international magazines for a fixed monthly subscription. Currently the service includes 2000 titles from over 400 publishers.
Synch is a Swedish law firm focused on digital business and technology targeting the market with a blended delivery model where digital services complement the advisory services and the managed legal services. Synch’s Project & Transaction Group specializes in private and public M&A, venture capital investments and financing arrangements, in particular in relation to technology companies.