WOW Tech recently identified an opportunity to leverage the company’s strong reputation with consumers and decided to bring in a financial partner to support WOW Tech’s continued quest for product and service excellence. This, 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 has agreed to partner with global private equity group and the consumer industries experts at CDH Investments.
Established in 2002, CDH is one of the most well-established alternative assets management firms in Asia with offices in Singapore, Hong Kong and Beijing. CDH manages six USD-denominated private equity investment funds, in addition to other investment strategies, with cumulative assets under management of approximately US$20 billion. CDH has partnered with over 150 companies in consumer and healthcare industries, most of which are global leaders in their respective markets.
CDH employs a long-term investment philosophy centered around empowering industry leading teams in their efforts to sustainably grow and create value for all stakeholders. 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, stated: “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,” Lanyi added. “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.”
Johannes von Plettenberg, CEO of WOW Tech Group, added: “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.”
