Former Bwin.party chief joins UK investment group

Former Bwin.Party chief executive Norbert Teufelberger has been appointed special adviser to the London AIM-listed FastForward investment house and will support the company’s initiatives in finding investment opportunities in the technology and gaming sectors.

Announcing the appointment, FastForward CEO Lorne Abony, said:

“Norbert’s experience in building one of the most successful global online gaming companies is a serious advantage for FastForward. Norbert has a deep set of relationships across a multitude of technology sectors and a fantastic network; I am delighted that he has accepted our invitation to join us.”

Teufelberger has been credited with introducing FastForward to Leap Gaming, an early-stage technology startup focused on Virtual and 3D games, in which FastForward has taken a major stake as announced on 11 April 2016 (see previous report).

He is a significant shareholder in FastForward and believes that the company’s strategy to acquire stakes in early stage start-ups will deliver superior returns to shareholders.

Throughout his 30-year career he was involved in the acquisition and integration of numerous technology companies, securing more than $1 billion in a series of equity and debt financings. At its peak, Bwin had approximately 4,000 employees globally and a market cap in excess of $3 billion.

FastForward has agreed to grant Teufelberger 1,000,000 options over ordinary shares in FastForward on the same terms as the options granted to the directors of the company.

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