CV Capital Advises Secret 6 on its Acquisition by Catalis Group

PALO ALTO, Calif., January 11, 2023 –?CV Capital, an investment bank focused on late-stage investment and M&A advisory in gaming, ad-tech and technology, today announced it acted as the exclusive financial advisor to Secret 6, the renowned game development and art studio based in Manila and Madrid, on its acquisition by Catalis Group, a UK-headquartered global video game and entertainment group

Founded in 2005 by Ron Schaffner, a veteran of the games industry, Secret 6 employs over 300 people and specialises in 3D art for AAA titles, 2D art, full game development and quality assurance. Schaffner will continue to run Secret 6 as CEO with the added support of Catalis and its award-winning service companies, Testronic and Giant Interactive.

Dominic Wheatley, CEO of Catalis, stated “We are delighted that Secret 6 and Ron have joined the Catalis family. Secret 6 has a great reputation in the industry for producing high-quality work and their impressive list of clients speaks for itself. Ron brings with him a wealth of leadership and game experience; we all look forward to working with him and supporting Secret 6’s continued growth”.

Commenting on the deal, Ron Schaffner of Secret 6 said “We are thrilled to be joining Catalis, a group highly regarded for their excellent service offerings. We look forward to collaborating with Catalis to accelerate the group’s growth, enhance and expand the services we offer to our clients, and provide exciting new opportunities for our talented teams in Manila and Madrid”.

Testronic’s CEO, Mike Betti, finished by saying “Secret 6 is a fantastic addition to our group. Ron and his talented team have built a brilliant business and we cannot wait to contribute to their story going forward. Moving into art and game development is a natural next step for Catalis, and it is great that we can expand our footprint to the Philippines and Spain, two fast-growing video game hubs with an abundance of talent”.?

"It was a privilege to represent the Secret 6 ownership group on this very important transaction. Ron has built an incredible business that steadily grew its client base, revenue and profits over 15+ years. We look forward to seeing the acceleration of that business under Catalis Group," said Jim Ying, CV Capital Managing Director and Partner.

About Catalis Group:

Catalis Group is a UK-headquartered global video game and entertainment group focused on the provision of technical and creative services to the entertainment industry and the publishing of indie games. Catalis employs approximately 2,300 people across 9 countries and 13 locations.

About Secret 6:

Secret 6 is a leader in video game co-development, QA and 3D art production for console, PC, mobile and VR gaming platforms. For over 15 years, the company has built a reputation among some of the world’s top game development studios as a trusted and dependable outsourced production partner for their critically and commercially acclaimed AAA titles. Secret 6 has locations in San Francisco, Manila and Madrid.

About CV Capital

CV Capital is an independent investment bank providing entrepreneurs and business owners with merger and acquisition advice, capital raising and strategic advisory services, with a focus in gaming, digital entertainment and cross-border transactions. CV Capital has completed over 80 deals since 2015 with a total deal value ~USD$10 Billion. The firm maintains global coverage with corporate offices in Hong Kong, Munich, Seattle, and Silicon Valley.