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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.
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