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Report – New Codemasters investor set to be announced

Monday, 18th January 2010 11:37 GMT By Patrick Garratt

operationflashpoint2

If this Times report is to be believed, Codemasters has landed itself a new investor, a potentially life-saving move for the UK publisher.

The piece says Codemasters is “close” to securing a “cash injection”.

Existing backers Balderton Capital and Goldman Sachs will also inject new funds but their investment will be heavily diluted by “restructuring,” claims the article.

The current investors bought out founding brothers Richard and David Darling in 2007 and geared up the business with £52m of debt. Floating was the goal, apparently.

Rumours regarding Codemasters’ future have been long-running behind UK doors. The strongest whiff at a sale came last year, when talk of Warner coming close to buying the company emerged.

Codemasters’ Christmas line-up last year centred on DiRT2 and Operation Flashpoint: Dragon Rising.

We’ve asked for comment.

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5 Comments

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  1. AHA-Lambda

    Actually how well did operation flashpoint 2 sell?

    #1 4 years ago
  2. adamski

    ‘a potentially life-saving more’

    do you mean ‘move’? :)

    #2 4 years ago
  3. Patrick Garratt

    Updated. Ta.

    #3 4 years ago
  4. Grimrita

    Flashpoint cost a fortune to make. Also, codies hires far too many senior management for a company that only sells small potatoes.

    When I worked at EA, Product/Brand managers handled at least 3-4 titles but codies have one per product – insane!

    They also wanted to float on the stock market I heard but what with the recession, they probably arent now and need extra £££

    #4 4 years ago
  5. sg1974

    Perhaps they can buy a new vehicle physics engine…..

    #5 4 years ago