Docstoc

BDA Advises on the Transaction Between Bohemia Interactive Simulations and the Riverside Company

Document Sample
BDA Advises on the Transaction Between Bohemia Interactive Simulations and the Riverside Company Powered By Docstoc
					BDA Advises on the Transaction Between Bohemia Interactive Simulations and
the Riverside Company

New York, NY, January 08, 2013 --(PR.com)-- Business Development Asia LLC (“BDA”) is pleased to
announce that its client Bohemia Interactive Simulations s.r.o. (“BISim” or “Bohemia”) has partnered
with the private equity firm The Riverside Company (“Riverside”), which has made a significant
investment in BISim for an undisclosed consideration. BDA served as a joint financial advisor to the
owners of BISim in the transaction along with CN Finance (“CNF”). BDA identified and sourced
potential investors across Europe, the US, and Asia and advised on transaction process and negotiations
with CNF.

Riverside's interest is underpinned by its strong belief in the potential of games for training, and BISim's
proven Virtual Battlespace (VBS) training environment. VBS has become one of the most widely used
training simulations in western militaries and, as a result, BISim has experienced significant growth over
the past decade. BISim has established offices in Australia, the Czech Republic, the United States, the
United Kingdom and Poland, and has important enduring contracts to support military organisations
including the United States Marine Corps, United States Army, United Kingdom Ministry of Defence and
the Australian Defence Force.

Based on extensive on-going development of VBS and multi-national expansion, BISim expects to grow
strongly over the next few years. Riverside, with its experience in working with smaller, high growth
companies and its international presence, is an ideal partner for BISim. Riverside will assist the company
to further expand its multi-national operations and development teams. BISim's innovation plans for VBS
will focus on meeting clients' on-going and additional training requirements as well as further leveraging
cutting-edge game technology.

Peter Morrison, the CEO of BISim, said, “We are very proud that Riverside has chosen to partner with
BISim, as a very experienced and mature private equity firm. We look forward to years of further success
built upon game-based training technology.” Following the transaction, BISim management will remain
essentially unchanged, with Peter Morrison continuing as CEO and Mark Dzulko as CTO.

“Bohemia is leading the way in a technology segment which is already experiencing extremely strong and
sustained growth, and will do so in the coming years,” said Riverside Partner Dr. Martin Scott, who leads
Riverside's Software and IT specialization in Europe. “VBS2 and the pipeline of innovations and products
that Bohemia has are setting the standards in this dynamic space. These products and services are
transforming the way in which military personnel are trained. Most importantly, the use of these training
tools leads to saving lives.”

BDA Deal Team
Andrew Huntley, Senior Managing Director, London
Taylor Whitman, Assistant Director, New York
Zoya Wang, Associate, New York
SJ Lo, Analyst, London


                                                   Page 1/3
                                PR.com Press Release Distribution   Terms of Use
About Bohemia Interactive Simulations
BISim is a world leader in providing simulation technologies and integrated training solutions for
government and commercial organisations. With origins in the gaming industry, BIS has repeatedly
delivered high fidelity, low cost, disruptive technology into the virtual simulation domain. BIS has
successfully exploited game-based technology with stunning visuals and applied this to a range of
breakthrough simulation products. Their flagship product, VBS2, is employed for daily tactical training
and mission rehearsal by most western militaries. Further information is available on
www.bisimulations.com

About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at
up to $200 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more
than 300 transactions. The firm's international portfolio includes more than 70 companies. Further
information is available on www.riversidecompany.com

About BDA
Business Development Asia LLC (“BDA”) is a leader in cross-border investment banking in Asia. BDA
advises on M&A, capital raising, and restructuring. BDA has been consistently owned and managed by
the same team since 1996. BDA has a track record of providing independent advice to blue-chip
corporate and financial sponsor clients from North America, Europe and Asia. BDA was named
Investment Banking Firm of the Year by The M&A Advisor in both 2012 and 2010. BDA is
headquartered in New York with offices in London, Beijing, Shanghai, Hong Kong, Mumbai, Bahrain,
Seoul and Tokyo. BDA formed a partnership with William Blair & Company in 2011. Further
information is available at www.bdallc.com




                                                  Page 2/3
                               PR.com Press Release Distribution   Terms of Use
Contact Information:
BDA
Euan Rellie
212-265-5300
Contact via Email
www.bdallc.com


Online Version of Press Release:
You can read the online version of this press release at: http://www.pr.com/press-release/465210




                                                  Page 3/3
                               PR.com Press Release Distribution   Terms of Use

				
DOCUMENT INFO
Shared By:
Stats:
views:12
posted:1/8/2013
language:English
pages:3
Description: Business Development Asia LLC (“BDA”) is pleased to announce that its client Bohemia Interactive Simulations s.r.o. (“BISim” or “Bohemia”) has partnered with the private equity firm The Riverside Company (“Riverside”), which has made a significant investment in BISim for an undisclosed consideration. BDA served as a joint financial advisor to the owners of BISim in the
PR.com PR.com www.PR.com
About