Prov Equity invests $150M in ZeniMax

ROCKVILLE, Md. – ZeniMax Media Inc., creator and publisher of interactive entertainment for consoles, computers and wireless devices, has received a $150 million investment from Providence Equity Partners, the company announced Oct. 6.
Providence Equity made an earlier investment of $300 million in the firm in October 2007.
“Though a number of prominent private equity firms offered to invest with us on attractive terms, we chose Providence as they have proved to be an ideal partner for us over the past three years as we built our business. We believed that furthering that relationship was the right course for us,” said Robert A. Altman, chairman and CEO of ZeniMax.
“We are pleased to increase our investment and support the continuing growth of what we consider to be the best managed company in the videogame industry,” said Michael Dominguez, managing director at Providence Equity. “Since our original investment in 2007, ZeniMax Media has tripled the size of its development portfolio. Its valuable proprietary technology and focus on high-quality development are driving growth.”