Growth capital investor Vitruvian Partners purchases block of shares in Storytel from largest shareholder Roxette Photo NV
Storytel AB (“Storytel” or “the Company”), northern Europe’s leading service for audiobooks and e-books, announces that the independent growth equity firm Vitruvian Partners (“Vitruvian”), has purchased a block of shares from the Company’s largest shareholder Roxette Photo NV, closely related to early investor and Storytel board member Jonas Sjögren. The acquisition is corresponding to approximately 3% of the shares in the Company. Following the transaction Roxette Photo NV remains the largest shareholder in Storytel AB retaining a holding of approximately 17% of the Company’s shares.