●Digital Area Capital Companions’ (DDCP) Stake in Swiss-based Spotlight Occasion & Leisure AG (HLEE) to Above 3% ●Robust Strategic match Between Digital Area’s Providing in Visible Results, Digital Actuality and Digital Human Know-how and Spotlight Occasion & Leisure’s Ventures Could 10, 2021 17:04 ET | Supply: Digital Domain
Hong Kong/Luxembourg, Could 10, 2021 (GLOBE NEWSWIRE) -- Digital Area Capital Companions, the just lately created 60%-owned subsidiary of Digital Area Holdings Restricted (DDHL), a world market chief in visible results, digital actuality and digital people, has acquired a strategic minority fairness stake in Spotlight Occasion & Leisure AG (HLEE: SWX). The Swiss-listed sports-to-movies conglomerate counts well-known and established corporations, corresponding to Constantin Movie and Leisure AG and Sport 1 Medien AG, amongst its belongings.
With this funding, Digital Area Capital Companions now holds a stake of three.01% of HLEE. The purpose of this strategic transfer is to additional broaden Digital Area’s footprint within the European market by partnering with an organization identified for its film, media and digital belongings. This fashion, Digital Area can additional broaden its digital actuality applied sciences and visible results manufacturing capabilities within the European market. Digital Area began its thrust into Europe earlier this 12 months by means of the acquisition of a strategic stake within the listed German EdTech firm Asknet.
“This funding by Digital Area Capital Companions constitutes the beginning for a long-term enterprise partnership with Spotlight Occasion & Leisure and its varied content material and media properties. Our technological options and HLEE’s actions are a superb match - we look ahead to establishing a deep cooperation within the close to future,” says Daniel Seah,» Read more from www.globenewswire.com