CDH Investments has acquired a significant stake in WOW Tech Group
Singapore based unit of CDH Investments has acquired a significant stake in WOW Tech Group, a global player and house of premium brands in the sexual wellness industry. CDH pledges to support WOW Tech to leverage product excellence and accelerate global expansion.
WOW Tech identified an opportunity to leverage the Company’s strong reputation with consumers for its superior product quality and technological innovation, to accelerate expansion globally. Consequently, management and shareholders decided to bring in a financial partner to support WOW Tech’s continued quest for product and service excellence, while further growing its valuable relationships with key retail partners in existing and new geographies.
Following several months of careful consideration and a rigorous selection process, WOW Tech agreed to partner with global private equity group and the consumer industries experts at CDH Investments. CDH believes strongly in the long-term prospects of the global sexual wellness industry and intends to invest significant resources into WOW Tech’s innovation and marketing activities to further grow the business.
Singapore-based Thomas Lanyi, Managing Director of CDH Investments: “We are extremely excited about this partnership. We identified the tremendous potential of the industry and had been actively searching for a high-quality, professionally managed company to commit our capital and expertise. During the course of last year’s discussions, we developed strong confidence in the management, products and business model of the WOW Tech organization. The company is the industry’s leading innovator with strong technological know-how, a genuine care for consumers’ needs, and a relentless commitment to delivering premium quality products that consumers love. CDH will strongly support the continuation of the current business platform and add significant resources to empower the management team around CEO Johannes von Plettenberg to accelerate the global expansion of the Company, organically and through acquisitions.“
“In recent years, WOW Tech has worked intensively to build strong relationships and become a reliable and trustworthy partner for retailers worldwide. With CDH, we found an investor that is committed to continuing that path of striving for excellence in our products and services with us. We are very excited and are looking forward to WOW Tech’s ongoing development” says Johannes von Plettenberg, CEO of WOW Tech Group.
CDH Investments acquires a significant stake in WOW Tech. The management of WOW Tech and the currently invested German group of investors, advised by RIGETO Unternehmerkapital, remain shareholders in WOW Tech and continue to hold strategic and operative functions.