cdv Software Entertainment AG (Germany) - Oct 2007

unquote
01 October 2007

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Investor

Brockhaus Private Equity has acquired a minority stake in cdv Software Entertainment by buying 100,000 shares from an exiting shareholder as well as 239,800 convertible bonds. The deal originated in a direct contact between Marco Brockhaus and the undisclosed exiting shareholder. The financial investor was attracted to the deal by cdv’s reorganized business model and its experienced management, with the recent appointment of former Infogrames and Atari president of publishing Christian Gloe as CEO.

Debt

The transaction was not leveraged.

Company

Founded in 1989 and based in Bruchsal, cdv Software Entertainment AG provides end-to-end service in the interactive entertainment industry. The company has shown steady growth since its 2007 consolidation and in the medium term is aiming for a strong market position as one of the globally leading full service providers in the games sector. The company has subsidiaries in the German speaking region, North America, Hungary, the Czech Republic and Slovakia. 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. cdv is listed on the regulated market segment of the Frankfurt Stock Exchange.

People

Marco Brockhaus represented Brockhaus Private Equity on this transaction. Christan Gloe is the CEO of cdv.

Advisers

Equity - White & Case, (Legal)

Sourced from: Deutsche unquote" 93 (Nov 2007)