Venture capital firm Balderton Capital announced the acquisition of UK developer/publisher Codemasters today.
Balderton, which is also known as Benchmark Capital Europe, initially invested in Codemasters back in 2005 and again in 2006 — bought a 40% and 30% stake respectively.
Today, they’ve completed the acquisition by buying out the founders, David and Richard Darling and their father Jim.
Rod Cousens, CEO of Codemasters, said, "This new investment heralds the next stage for Codemasters as it realises its ambitions to be a global player, readying itself for the digital age. For more than 20 years, Jim, David and Richard built Codemasters to become one of the video game industry’s great British success stories; they brought enjoyment to many and made a valuable contribution to the industry as a whole."
In addition, Goldman Sachs, one of the world’s largest global investment banks, provided
