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Re-Organized CDV Gets Brockhaus Investment
by Leigh Alexander [PC, Console/PC]
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October 15, 2007
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German developer CDV Software Entertainment (Codename: Panzers, Divine Divinity) has announced that Frankfurt-based private equity fund Brockhaus Private Equity recently purchased 100,000 of its shares ($237,000) and a total of 239,800 partial debentures.
Brockhaus focuses on investing in fast-growing medium-sized businesses in Germany and Europe, and according to the companies' statement, the investors were attracted by the recently-reorganized CDV AG, which recently saw the appointment of former Infogrames and Atari president of publishing Christian Gloe as CEO.
Founder and managing director of Brockhaus Private Equity Marco Brockhaus said, "It was the business model paired with experienced management that convinced us. In our opinion, CDV fills a market gap in the games sector that promises huge growth potential."
Gloe adds, "In Brockhaus Private Equity we have gained a strategically valuable institutional investor that takes the long-term view. 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."
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