Hamburg, Germany – Bigpoint, a Germany-based provider of
online gaming platforms, announced on Tuesday that has received a $350 million
investment from Summit Partners and TA Associates.
The investors will jointly
own a controlling stake in Bigpoint.
Previous shareholder Comcast Interactive
Capital’s Peacock Equity Fund will sell their holdings as part of the
transaction, while GMT Communications Partners and GE will sell a majority of
their stakes.
Founder and CEO Heiko Hubertz will retain his existing 30% stake
in the company.
Bigpoint counts more than 185 million registered users on its
Web-based games platform, which offers titles such as "Battlestar
Galactica Online" and "Farmerama."
"The investment by TA
Associates and Summit Partners is a validation of Bigpoint’s leadership
position within the gaming industry, and will give us a huge boost toward
becoming one of the most successful gaming companies worldwide," said Bigpoint’s Hubertz.
"Summit Partners and TA Associates are supporting Bigpoint’s international
expansion — a course we set out upon in recent months with the opening of new
offices in the United States and Brazil."
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