Frankfurt based venture capital firm Brockhaus Private Equity has managed to acquire 100,000 shares and nearly 240,000 partial debentures of CDV, a Germany based game publisher. It's an interesting deal that should provide CDV with the capital they need to keep growing and expanding their company. CDV's been cranking out some solid games lately so it's nice to see them get the funds they need to keep growing the company.
Brockhaus Private Equity Invests in cdv Software Entertainment AG
Bruchsal, Germany, October 15th, 2007 – cdv Software Entertainment AG, a premiere end-to-end service provider in the interactive entertainment industry, is pleased to announce that Frankfurt-based private equity fund Brockhaus Private Equity recently secured 100,000 shares and a total of 239,800 partial debentures in cdv today. The Brockhaus’ Private Equity fund focuses on investing in fast-growing medium-sized businesses in Germany and Europe – a profile which the investors believe aptly sums up the recently re-organized cdv Software Entertainment AG.
Stock market experts anticipate major European growth
“It was the business model paired with experienced management that convinced us,” said Marco Brockhaus, founder and managing director of Brockhaus Private Equity. “In our opinion, cdv fills a market gap in the games sector that promises huge growth potential.” At cdv, too, the commitment on the part of the fund’s initiator is seen as entirely positive: “In Brockhaus Private Equity we have gained a strategically valuable institutional investor that takes the long-term view,” commented cdv AG’s new CEO - Christian Gloe. “This commitment to cdv not only corroborates our own perspective, but shows that cdv is once again an interesting investment prospect attractive to institutional investors.”
About cdv Software Entertainment AG
cdv Software Entertainment AG is the only listed, independent full service provider for the games sector in Germany. Together with its subsidiaries cdv Software Entertainment USA, cdv POS GmbH, Gamesmania, and seven_m, cdv has outstanding contacts within all relevant markets and decades of expertise. As a leading sales and service partner for the entire games and software industry, cdv is excellently positioned on the global market thanks to numerous branches in the German-speaking area, North America, Hungary, the Czech Republic and Slovakia as well as noted international partners. Alongside its strong product placement and international distribution logistics, cdv offers its customers a wide range of sales-promoting methods and an extensive, professional marketing and promotion service from a single source. The company, which was founded in 1989 and is headquartered in Bruchsal, Germany, has been on a steady growth course since its 2007 consolidation and is aiming in the medium term for a strong market position as one of the globally leading full service providers in the games sector. More information is always available at http://www.cdv.de.
About cdv Software Entertainment USA
cdv Software Entertainment USA, a wholly owned subsidiary of cdv Software Entertainment AG, is a leading publisher of third-party video games and interactive entertainment with offices in New Jersey and headquarters in Cary, North Carolina. cdv Software Entertainment USA has published critically acclaimed and commercially successful titles including Divine Divinity, Blitzkrieg, American Conquest, Codename: Panzers, City Life, DarkStar One, War Front: Turning Point and Sherlock Holmes: The Awakened. The company will continue to expand its offerings with upcoming titles including the highly anticipated Escape from Paradise City and Pacific Storm Allies. For more information, please visit http://www.cdvus.com.