Altor-backed Iyuno Media Group enters agreement to acquire SDI Media

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Creating the Media and Entertainment Industry’s Largest, Most Comprehensive Global Localization Services Company

LOS ANGELES – January 22, 2021 – Iyuno Media Group, a market leader in localization services to the media and entertainment industry, today announced it has entered into an agreement with Imagica Group Inc. to acquire 100% of SDI Media. This transaction, which is subject to review and approval from relevant authorities, brings together two companies with the shared mission of supporting, innovating and leading the art of global storytelling. Terms of the transaction were not disclosed.

“SDI Media is a great fit for Iyuno,” said Shaun Gregory, CEO, Iyuno Media Group. “We are well-aligned in our quality standards, complementary strategies and compatible service offerings. As a combined company, we will continue to deliver best-in-class services and technology innovations to our industry. We are certain that new and existing clients will benefit from the collective experience and capabilities of the combined company.”

“By merging IYUNO with SDI we create a clear global leader, optimally positioned to serve the accelerating and increasingly complex demand from the leading entertainment players”, said Klas Johansson, Partner at Altor and a Board member of Iyuno Media Group. “We also build scale and capacity within technology and data, to ensure that IYUNO will continue to lead the way in terms of developing next generation services to the benefit of all our clients”

“We are excited to join Iyuno and become part of the industry’s leading localization services company,” said Mark Howorth, Chief Executive Officer, SDI Media. “We believe that the explosive global content distribution needs of the industry can only be served by a complimentary service provider that can scale with them in support of their needs.”

Iyuno was supported in this transaction by Altor, Shamrock Capital and SoftBank Ventures Asia, its primary financial partners. The three investors are pleased to see this sustained momentum in the expansion and diversification of the Iyuno Media Group portfolio. The completion of this transaction remains subject to review and approval from relevant authorities.

For more information, please contact:
Tor Krusell, Head of Communications at Altor +46 705 43 87 47

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 4.2 billion in more than 60 companies. The investments have been made in medium sized predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Dustin, Byggmax, Piab, Aalborg Industries, Trioplast, SATS and RevolutionRace. For further information please visit

Iyuno Media Group ( is a market leader in the localization industry with leading-edge technology providing dubbing, subtitling, and access services in any language. A technology trailblazer with grounded core values in an ever-changing industry, Iyuno Media Group uses its sophisticated in-house technology for all of its product and service offerings. Today, the company operates 35 local facilities globally, spanning a network of fully owned local sites across 30 countries in Europe, Asia and The Americas – offering clients end-to-end solutions for broadcasters, all major film studios, OTT and streaming platforms.

SDI Media ( is one of the world’s leading media localization providers, offering dubbing, subtitling, and media services to content owners, broadcasters, and multi-platform distributors. SDI Media offers a complete end-to-end localization solution for theatrical releases and episodic series, using the most comprehensive suite of customizable localization software applications in the industry. With the world’s largest owned and operated network of 33 facilities in Asia, EMEA and the Americas, incorporating over 150 recording rooms and 85 mixing rooms globally.

Author: Katarina Karlsson
Date: 2021.01.22
Categories: News

Categories: News


UNICEPTA acquires social intelligence specialist Ubermetrics


UNICEPTA, the global innovation leader for Media & Data Intelligence expands its competencies in social media. In course of this technology acquisition, both companies will combine their AI-based technology platforms and expand their ability to automatically analyze large amounts of data for communication and marketing management.

Ubermetrics analyzes over 460 million sources from social media as well as blogs and forums in real time and offers the quantified results and insights via its technology platform. The platform is a highly scalable SaaS solution currently used by over 200 companies and focuses on monitoring and text mining.
Patrick Bunk, founder and CEO of Ubermetrics, says: “We are very motivated to partner with UNICEPTA. Two smart companies are now working with a joint technological vision: we want to make AI easily and quickly accessible for more and more communication and marketing areas.”
“Ubermetrics possesses one of the best technology platforms based on semantic AI. We are very pleased that Patrick Bunk, founder and CEO of Ubermetrics, along with his team, has decided to join UNICEPTA.”, says Georg Stahl, Managing Partner of UNICEPTA.
Both brands – UNICEPTA and Ubermetrics – will remain and combine their technology platforms. UNICEPTA will continue to act as an innovation leader and insights advisor for international corporations and large mid-sized companies. Ubermetrics will continue to develop automated intelligence solutions under the leadership of Patrick Bunk. Ubermetrics will launch new market intelligence solutions for risk management (e.g., supply chain risk), as well as text mining services for SaaS and analytics providers.

About Ubermetrics
Ubermetrics is the leading content intelligence platform for marketing and PR professionals. With Ubermetrics, digital communicators find and analyze relevant content and can use the results to track, measure and optimize communication campaigns. In addition, relevant trends, influencers and communication channels as well as successful content can be determined. Per minute, the Ubermetrics platform processes over 50,000 articles and content from more than 460 million sources. Ubermetrics is based in Berlin and successfully works with clients in more than 15 countries worldwide.

UNICEPTA is the leading provider of visionary AI-powered Media & Data Intelligence solutions with an added human factor of analytics and insights that drive faster, more effective business decisions. UNICEPTA offers real-time end-to-end Global Media Monitoring across all media channels (social media, online, broadcast, print), supported by Analytics & Insights to help the subscribed customer to spot corporate issues and opportunities immediately. UNICEPTA is headquartered in Cologne and has subsidiaries in Germany, the USA, China, Poland, Switzerland and the UK.

About Paragon
Paragon is one of the leading independent private equity firms in Europe with more than €1.2 billion of equity under management. Paragon works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries and currently comprises 14 companies. Since 2018, Paragon is majority shareholder of UNICEPTA. Paragon was founded in 2004 and is based in Munich, Germany.

Categories: News


News Break Announces $115m in Series C Funding led by Francisco Partners

Franciso Partners

New Funding to Drive Further Growth & Development of Nation’s No. 1 Intelligent Local News App

MOUNTAIN VIEW – News Break, The Nation’s No. 1 Intelligent Local News App, today announced it has closed a $115 million round in Series C funding led by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Francisco Partners will gain a seat on News Break’s Board of Directors. The investment makes News Break one of the first new unicorns of 2021.

News Break has previously raised more than $36 million from investors including IDG Capital, who have also participated in this latest round.

The investment comes as News Break is experiencing greater than three times year-over-year user growth, reaching 12 million daily active users. The new funding will allow News Break to significantly increase its investments in the local-content ecosystem — both in the United States, and for the first time, internationally — making vital local news and information more easily accessible and abundantly available to people everywhere.

Already top ranked in the News category on Google Play and in the App Store, News Break is transforming how local news and information is published and shared, bringing people together around the unique and inspiring stories they mutually experience in their own communities.

“News Break’s breakout multi-year successes in the local news space is what first brought them to our attention,” said Alan Ni, Principal at Francisco Partners. “We are inspired by their mission and extremely impressed by the work they have done to bring local-news distribution into the 21st Century through cutting-edge machine learning and media savvy. We are thrilled to be partnering with News Break’s talented leadership team as they continue to drive local news innovations while also rapidly expanding their business into adjacent local verticals beyond news.”

News Break was founded in Silicon Valley in 2015 by ex-Yahoo executive Jeff Zheng, with Yahoo co-founder Jerry Yang as Advisor. News Break launched its iOS and Android apps in 2016. In 2020, Harry Shum, former Executive Vice President of Artificial Intelligence and Research at Microsoft, joined News Break as Chairman of the Board. In 2021, News Break plans to substantially expand its leadership, business, product, and engineering teams.

“Today, more than 30 million app users across the country trust News Break to deliver their breaking neighborhood news,” said Jeff Zheng, CEO at News Break. “With this investment, we plan to significantly grow that number by broadening News Break’s mission to include everything local, delivering the information and services locals everywhere need to feel connected and empowered. We are thrilled to have Francisco Partners by our side as their expertise and financing will support us through this next phase of talent and user growth as we expand into new verticals and geographies.”

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has raised over $24 billion in committed capital and invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit

About News Break

News Break, The Nation’s No. 1 Intelligent Local News App, is a business name of Particle Media, Inc., a Delaware Corporation, founded in Silicon Valley in 2015 by Jeff Zheng. Yahoo co-founder Jerry Yang is Advisor. Harry Shum, former Executive Vice President of Artificial Intelligence and Research at Microsoft is Chairman of the Board. News Break’s mission is to make local information easily accessible and abundantly available, with the goal of helping people everywhere live safer, more vibrant, more truly connected lives. Its long-term vision is to be the world’s largest intelligent local information platform, connecting and empowering local users, local content creators, and local advertisers. To download News Break or to learn how to join our fast-growing team, please visit

Categories: News


Deluxe Acquires Sundog Media Toolkit


UK firm provides mastering and versioning services for theatrical, television, and OTT content

LOS ANGELES, CA, JANUARY 07, 2021 – Deluxe, the global provider of digital and cloud-based solutions to the world’s leading content production studios and distributors, announced today their acquisition of UK-based Sundog Media Toolkit, Ltd. (“Sundog”). Financial terms were not disclosed.

Founded in 2013 by CEO Richard Welsh and CTO Chris Ralph, Sundog quickly established a market foothold with their highly automated, cloud-based platform that creates specialized multi-format, multi-language files for theatrical distribution and streaming platforms. Welsh and Ralph have joined Deluxe in senior executive positions.

“We are thrilled to welcome Richard, Chris, and the rest of the Sundog team into the Deluxe family. Sundog will provide us with an expansion and enhancement of our robust technology driven services, adding efficiency, speed, and scale,” said Cyril Drabinsky, CEO of Deluxe. “This acquisition confirms our commitment to innovation that puts us ahead of the increasing complexity and scale needs of our customers’ day and date multiplatform releases.”

“We are thrilled to welcome Richard, Chris, and the rest of the Sundog team into the Deluxe family. Sundog will provide us with an expansion and enhancement of our robust technology driven services, adding efficiency, speed, and scale,” said Cyril Drabinsky, CEO of Deluxe. “This acquisition confirms our commitment to innovation that puts us ahead of the increasing complexity and scale needs of our customers’ day and date multiplatform releases.”

“We’re delighted to be joining Deluxe. We established Sundog to bring advanced SaaS technology and workflows to the media industry and we’re very excited about taking the next steps on the Sundog journey together with Cyril and the Deluxe team,” said Welsh. “With our combined drive for innovation and Deluxe’s global footprint, we will be able to extend our cloud automation technologies to customers worldwide.”Deluxe provides the world’s leading content creators and distributors a portfolio of media services including Cinema (mastering, key generation and distribution to theaters), along with Localization & Fulfillment (subtitling, dubbing, encryption, transcoding and distribution of movies and tv content), Home Entertainment (compression, encoding and authoring), and digital asset management, virtual screening and live-streaming events via its One Showcase solution.

The Sundog technology, integrated with the overall Deluxe One workflow, will create the industry’s most sophisticated and comprehensive end-to-end solution for mastering content, including asset/library management, localization, and final delivery.

About Deluxe
Deluxe Media Inc. (Deluxe) provides innovative, secure distribution and localization services for studios, OTT platforms and content creators worldwide. Deluxe’s cloud-based solutions offer unprecedented flexibility and reach through its customizable, end-to-end solutions that enable customers to create, transform, and distribute content and immersive streaming experiences to audiences on a global scale.

Investor Relations
and Media Contacts:

Mark Barnhill
+1 310.228.9514 E-mail Mark

Dan Whelan
+1 310.282.9202 E-mail Dan

Categories: News


Vector Capital to Acquire Mood Media

Vector Capital

SAN FRANCISCO–(BUSINESS WIRE)–Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it has entered into a definitive agreement to acquire Mood Media, the world’s leading in-store media solutions company dedicated to elevating the Customer Experience. Under the terms of the agreement, Vector Capital will make a meaningful equity investment in Mood Media’s business, and the company’s existing lenders, including investment funds and accounts managed by HPS Investment Partners, LLC, will continue to support Mood Media with a new credit facility at closing.

Austin-based Mood Media offers global retail, fashion, restaurant, healthcare, hospitality, and consumer brands audio, visual, messaging, scent, social, and mobile services designed to create greater emotional connections between brands and consumers. The company reaches more than 150 million consumers each day through more than 500,000 subscriber locations in 100+ countries around the globe.

“Vector Capital has a long track record of building and growing global technology businesses,” said David Hoodis, CEO of Mood Media. “We are eager to leverage their industry expertise and deep operating capabilities as we continue to enhance our product offerings to assist leading brands in connecting with customers. I believe, with the great Mood team and Vector’s support, our best days are ahead.”

“We are excited to partner with Mood Media, which has developed a global, market-leading presence and proven ability to enhance the customer experience for the most demanding customers across the retail, fashion, restaurant, hospitality, and healthcare sectors,” said David Fishman, a Managing Director at Vector Capital. “We are confident that our long-term capital support will enable Mood Media to invest in the technology initiatives and acquisitions that will further differentiate Mood and accelerate our product vision.”

“Mood Media has an impressive management team and a motivated employee base to support its global platform, broad blue-chip client base, and strong business model,” added Sandy Gill, a Principal at Vector Capital. “We look forward to partnering with Mood Media during its next stage of growth and helping the company’s leadership team accelerate its development through both organic initiatives and strategic acquisitions.”

The transaction is subject to standard and customary closing conditions and is expected to close in the fourth quarter of 2020.

Paul Hastings LLP served as legal counsel to Vector Capital on the transaction. PJ SOLOMON acted as financial advisor, and Milbank LLP served as legal counsel to Mood Media.

About Vector Capital
Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With more than $3 billion of capital under management, Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of businesses and enhance value for employees, customers, and all stakeholders. For more information, visit

About Mood Media
Mood Media is the world’s leading in-store media solutions company dedicated to elevating the Customer Experience. We create greater emotional connections between brands and consumers through the right combination of sight, sound, scent, social and systems solutions. We reach more than 150 million consumers each day through more than 500,000 subscriber locations in 100+ countries around the globe. Mood’s clients include businesses of all sizes and market sectors, from the world’s most recognized retailers and hotels to quick-service restaurants, local banks and thousands of small businesses. For more details:


For Vector Capital:
Nathaniel Garnick / Grace Cartwright
Gasthalter & Co.
(212) 257-4170

For Mood Media:
Caroline Traylor / PR & Communications Director
(210) 365-8761

Categories: News


Nordic Capital adds additional firepower to Siteimprove with Morten Hübbe as new Chairman and new partnership with Chr. Augustinus Fabrikker

Nordic Capital

November 30 2020
Nordic Capital adds additional firepower to Siteimprove with Morten Hübbe as new Chairman and new partnership with Chr. Augustinus Fabrikker Image


Nordic Capital-backed Siteimprove, a leader in website experience and digital marketing optimisation, has appointed Morten Hübbe as its new Chairman to accelerate growth. Morten Hübbe brings significant experience within financial services, software and technology as the Group CEO of Tryg and Deputy Chairman of SimCorp. In addition, Danish-based Chr. Augustinus Fabrikker, with a focus on long-term ownership of Danish businesses, will become a strategic minority partner in Siteimprove to further support international expansion.  

“Siteimprove is one of the leading SaaS companies globally with great potential for further growth. It has a world class product offering which reduces inequality in society by helping people with disabilities gain access to a digitalised world and it also drives growth across essential digital disciplines. Nordic Capital is enthusiastic about bringing further expertise to expand Siteimprove’s offering and international footprint. Morten Hübbe is a very experienced leader in the software and tech space and brings a unique set of skills and experience that will help Siteimprove scale and grow”, says Fredrik Näslund, Partner and Head of Technology and Payments, Nordic Capital Advisors.

Morten Hübbe is Group CEO of Tryg, one of the largest non-life insurance companies in the Nordic region and Deputy Chairman of SimCorp, one of the world’s leading provider of integrated investment management solutions. He has a proven track record of building strong fintech businesses. Morten holds 25+ years of insurance experience, of which nearly 20 years have been at the top executive level. In addition, he has Supervisory Board experience in Banking, Software and IT development. He has also recently been appointed the new Chairman of Conscia, another Nordic Capital portfolio company.

“Siteimprove is one of the fastest growing software companies in Denmark and it is truly exciting to be appointed Chairman of Siteimprove. The task is to continue growing on the back of Siteimprove’s strong people and product offering, its exciting customer portfolio and solid business plan. I’m looking forward to supporting the company with my experience on this journey,” says Morten Hübbe.

Siteimprove was founded in 2003 by its CEO Morten Ebbesen, and is headquartered in Copenhagen, Denmark. Since inception, the company has grown steadily, and today has offices across Europe, North America and Asia. Siteimprove has 550 employees in 15 countries and over 7,200 customers globally. The Company’s customer base derives mainly from financial services, healthcare, and the public sector, and includes some of the most well-respected organisations in the world.

In October 2020, Nordic Capital became the majority owner in close partnership with the CEO and founder Morten Ebbesen. In addition, Chr. Augustinus Fabrikker, a well-established and dedicated long-term owner of Danish-based businesses, will now become a strategic minority owner to support sustainable value creation.

“Firstly, we are truly impressed with the competences and innovation power that we discovered in Siteimprove, and secondly, for Chr. Augustinus Fabrikker, this is a chance to actively invest in a company that wants to grow internationally from their Danish base. That is the kind of situation that we exist to support,” says Claus Gregersen, CEO, Chr. Augustinus Fabrikker.

Technology & Payments is one of Nordic Capital’s focus sectors where it has extensive experience, a strong and active sector network, and a dedicated team with local presence across Northern Europe. Since 2018, Nordic Capital has made 18 platform investments in this sector including former and current investments such as Bambora, Trustly, Conscia, BOARD International and Signicat.

Footnote: “Nordic Capital” refers to any, or all, Nordic Capital branded or associated investment vehicles and their associated management entities. Nordic Capital is advised by several non-discretionary sub-advisory entities, any or all of which is referred to as “Nordic Capital Advisors”.

Press contacts

Nordic Capital
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50

Jesper Termansen, Chief Marketing Officer
Tel: +45 2479 8646

Chr. Augustinus Fabrikker
Tel: +45 3314 7222

About Siteimprove

Siteimprove is a SaaS solution that helps organisations achieve their digital potential by empowering teams with actionable insights to deliver a superior website experience and drive growth. Siteimprove has 550+ employees across 13 offices, helping over 7,200 customers globally. The company has 17+ years of digital expertise and partners with leading organizations such as the W3C, the UN, and Adobe. They also offer best-in-class technical support, academy courses, services, and technology integrations.

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Core sectors are Healthcare, Technology & Payments, Financial Services and Industrials & Business Services. Key regions are Northern Europe and globally for Healthcare. Since inception in 1989, Nordic Capital has invested more than EUR 15 billion in over 110 investments. The Nordic Capital vehicles are based in Jersey. They are advised by several non-discretionary sub-advisory entities based in Sweden, Denmark, Finland, Norway, Germany, the UK and the US, any or all of which are referred to as Nordic Capital Advisors. For further information about Nordic Capital, please visit

About Chr. Augustinus Fabrikker

Chr. Augustinus Fabrikker is a subsidiary of the Augustinus Foundation, which is among the largest cultural foundations in Denmark. The industrial heritage stems from 1750 and the focus on value creation is based on this long-term tradition. As part of a strategy to be a long-term, committed and value-adding owner, the portfolio comprises considerable ownership in successful and iconic Danish businesses such as Tivoli, Jeudan, Royal Unibrew, STG, the furniture companies Fritz Hansen and GUBI as well as Gyldendal. Through ownerships the aim is to create value for the benefit of both Danish businesses and society. With a balance of more than DKK 30 billion, it is Chr. Augustinus Fabrikker’s investment return which facilitates the significant non-profit cultural, social and research-related pursuits of the Foundation. For further information about Chr. Augustinus Fabrikker, please visit

Categories: News Personalia


Adobe to Acquire Workfront

JMI Equity

Acquisition Brings Leading Work Management Platform for Marketers to Adobe Experience Cloud

SAN JOSE, Calif.–(BUSINESS WIRE)–Adobe (Nasdaq:ADBE) today announced it has entered into a definitive agreement to acquire Workfront, the leading work management platform for marketers, for $1.5 billion, subject to customary purchase price adjustments. With more than 3,000 customers and one million users, Workfront is the solution marketers rely on every day to efficiently manage content, plan and track marketing campaigns, and execute complex workflows across teams.

Adobe solutions are at the nexus of creativity and customer experience management and mission-critical to marketers, creatives, analysts, and now, operations managers. Adobe Creative Cloud provides the world’s best creative apps and services to everyone, from students, to social media influencers, to professional photographers, filmmakers, and designers. Adobe Experience Cloud is the most comprehensive solution for content and commerce, customer journey management, and customer data and insights, all built on an open platform, enabling businesses of every size across every industry to deliver exceptional customer experiences at scale.

Satisfying the increasing expectations of B2B and B2C customers today requires large volumes of content and personalized marketing campaigns delivered at lightning speed and scale. This must be accomplished across increasingly dispersed teams, as remote work becomes prevalent in today’s environment and the future of work is redefined. The combination of Adobe Experience Cloud and Workfront will bring efficiency, collaboration, and productivity gains to marketing teams currently challenged with siloed work management solutions.

Workfront has deep leadership in orchestrating marketing workflows. Workfront’s platform is agile and uniquely architected for the enterprise, with extensive integration capabilities that can be easily configured to meet the varied needs of companies of all sizes.

Adobe and Workfront are longstanding partners with strong product synergies and a growing base of over 1,000 shared customers. Workfront is equipped with APIs that enable a seamless connection to Adobe Creative Cloud and Adobe Experience Cloud. Shared Adobe and Workfront customers include Deloitte, Under Armour, Nordstrom, Prudential Financial, T-Mobile, and The Home Depot.

“Adobe is the undisputed leader in content creation, management, delivery, and measurement and a trusted partner to digital leaders around the globe,” said Anil Chakravarthy, executive vice president and general manager, Digital Experience Business and Worldwide Field Operations, Adobe. “The combination of Adobe and Workfront will further accelerate Adobe’s leadership in customer experience management, providing a pioneering solution that spans the entire lifecycle of digital experiences, from ideation to activation.”

“Adobe and Workfront share a common affinity to help the modern marketer thrive in an ever-evolving, increasingly demanding setting,” said Alex Shootman, CEO, Workfront. “We’re excited to join Adobe and believe this will be a tremendous opportunity for our customers and partners.”

Upon close, Workfront CEO Alex Shootman will continue to lead the Workfront team, reporting to Anil Chakravarthy, executive vice president and general manager, Digital Experience Business and Worldwide Field Operations.

The transaction, which is expected to close during the first quarter of Adobe’s 2021 fiscal year, is subject to regulatory approval and customary closing conditions. Until the transaction closes, each company will continue to operate independently.

Forward-Looking Statements Disclosure

This press release includes forward-looking statements within the meaning of applicable securities law. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. Forward-looking statements relate to future events and future performance and reflect Adobe’s expectations regarding the ability to extend its leadership in the experience business through the combination of Adobe Experience Cloud’s capabilities in content creation, management, delivery and measurement, with Workfront’s work management products and other anticipated benefits of the transaction. Forward-looking statements involve risks, including general risks associated with Adobe’s and Workfront’s business, uncertainties and other factors that may cause actual results to differ materially from those referred to in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: Adobe’s ability to further integrate Workfront technology into Adobe Experience Cloud; the effectiveness of Workfront technology; potential benefits of the transaction to Adobe and Workfront customers; the ability of Adobe and Workfront to close the announced transaction; the possibility that the closing of the transaction may be delayed; and any statements of assumptions underlying any of the foregoing. The reader is cautioned not to rely on these forward-looking statements. All forward-looking statements are based on information currently available to Adobe and are qualified in their entirety by this cautionary statement. For a discussion of these and other risks and uncertainties, individuals should refer to Adobe’s SEC filings. Adobe does not assume any obligation to update any such forward-looking statements or other statements included in this press release.

About Workfront

Workfront is the leader in enterprise work management, trusted by more than 3,000 companies, one million users, and 10 out of 10 of the world’s top brands. Workfront was founded to help people, teams, and companies do their best work. For more information, visit

About Adobe

Adobe is changing the world through digital experiences. For more information, visit

© 2020 Adobe. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe in the United States and/or other countries. All other trademarks are the property of their respective owners.


Public relations contact
Ashley Levine

Investor relations contact
Jonathan Vaas

Categories: News


Herkules II completes exit of Nevion to Sony

Hercules Capital

Herkules Private Equity Fund II exits Nevion to Sony. Nevion is a leading provider of virtualized media production solutions.
Nevion supplies video signal processing and transportation equipment to broadcasters and telecommunication companies. Nevion was established through the combination of Network Electronics, Video Products Group (VPG) and T-VIPS. Network Electronics acquired VPG in January 2008, and merged with T-VIPS in 2012. Nevion has the majority of its customers within the broadcasting and the telecommunication sector, and offers effective solutions for direct transmission of live video (point-to-point) and for transport of video in larger network infrastructures.On 30 September 2020, Sony Imaging Products & Solutions Inc. (“Sony”) announced that it is acquiring Nevion AS, to further enhance its portfolio, providing end-to-end IP and cloud-based production solutions for broadcasting and other applications. Sony, which has been a minority shareholder in Nevion since July 2019, is purchasing the remaining shares in Nevion, and making it a subsidiary.

Since 2016, Nevion has enjoyed a positive development with expanded gross margins, key new product launches, and success with several new strategic customers in both Europe, North America and Asia. The transaction is expected to close in early October 2020. Nevion was the last portfolio company remaining in Fund II and the process to liquidate the fund will commence in due course.

Read Sony’s full press release here.

Categories: News


Centerbridge to Acquire AHEAD from Court Square, Setting the Stage for Next Phase of Innovation and Growth

Court Square

Investment will enable the enterprise cloud leader to expand its digital solutions portfolio and geographic reach

CHICAGO–(BUSINESS WIRE)–AHEAD, a leading provider of enterprise cloud solutions, today announced a definitive agreement for funds advised by Centerbridge Partners, L.P., a leading private investment firm, to acquire a majority stake in the company. In addition, funds managed by Berkshire Partners LLC will purchase a minority stake in AHEAD, while the AHEAD management team will continue to own a significant position in the business.

With support from Centerbridge, a deeply experienced investor in enterprise services, software and hardware businesses, AHEAD is well-positioned to accelerate its market leadership in enterprise cloud infrastructure and grow its offerings, including through the expansion of its services and partnerships, in the vital areas of intelligent operations and cloud-native application development.

Over the last five years, as a portfolio company of Court Square Capital Partners, AHEAD grew revenues from $365 million to more than $1.3 billion in 2020, in the process acquiring four firms. During this same period, AHEAD’s professional services business grew from $18 million to more than $100 million—an average annual growth rate of 41 percent—as the company expanded its services capabilities in the areas of cloud, enterprise service management and enterprise monitoring and analytics.

“We’ve enjoyed our partnership with Court Square and are thankful for their early support of the AHEAD journey. The Centerbridge investment will help us continue to innovate and enhance our offerings in an effort to help clients transform and create more agile and efficient applications, operations and platforms,” said Daniel Adamany, CEO of AHEAD. “This is a pivotal moment in our history, and we can’t wait to get to work with our new partners.”

“With its sophisticated enterprise software and hardware solutions, as well as its growing professional services business, AHEAD attracts a large and loyal customer base with a highly compelling growth trajectory,” said Jared Hendricks, senior managing director at Centerbridge.

“A client-focused culture is the foundation for the company’s product and service offerings, driving customer satisfaction and growth,” added Chris Litchford, managing director at Centerbridge. “We look forward to partnering with AHEAD on its next phase of innovation and growth.”

“We are grateful to have partnered alongside the AHEAD management team. The company has grown tremendously during our investment hold and we’re excited for the opportunity going forward for AHEAD and their new partners,” said Jeff Vogel, partner at Court Square.

Guggenheim Securities, LLC served as exclusive financial advisor to AHEAD and Court Square on the transaction. Dechert LLP served as legal counsel to AHEAD and Court Square. Jefferies LLC, RBC Capital Markets and Deutsche Bank served as exclusive financial advisors to Centerbridge. RBC Capital Markets, Deutsche Bank, Barclays, KKR Capital Markets and Macquarie Capital are providing financing for the deal. Kirkland & Ellis LLP served as legal counsel to Centerbridge Partners. Ropes & Gray LLP served as legal counsel to Berkshire Partners.


AHEAD builds platforms for digital business. By weaving together advances in enterprise cloud infrastructure, intelligent operations, and modern applications, we help enterprises deliver on the promise of digital transformation. Learn more at

About Centerbridge Partners

Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines—from private equity to credit and related strategies, and real estate—in an effort to find the most attractive opportunities for our investors and business partners. The Firm was founded in 2005 and as of June 30, 2020 has approximately $26 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives. For more information, please visit

About Berkshire Partners

Berkshire Partners, a Boston-based investment firm, has made more than 130 private equity investments since its founding over 30 years ago. Berkshire has developed industry experience in several areas including business services & technology, communications, consumer, healthcare, and industrials. Berkshire has a strong history of partnering with management teams to grow the companies in which it invests. For additional information, visit

About Court Square Capital Partners

Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 230 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $7.0 billion of assets under management and is based in New York, N.Y.

Source: Business Wire

Categories: News


Zayo Completes Transition to a Private Company Digital Colony and EQT Become Zayo’s Lead Investors


BOULDER, Colo. – March 9, 2020 – Zayo Group Holdings, Inc. (“Zayo”) (NYSE: ZAYO), which
provides mission-critical bandwidth to the world’s most impactful companies, today announced
the completion of its acquisition by affiliates of Digital Colony Partners (“Digital Colony”) and the
EQT Infrastructure IV fund (“EQT” or “EQT Infrastructure”). The close marks the consummation
of the $14.3 billion transaction, which represents the largest syndicated private equity
investment, the fifth largest Media & Communications LBO and the second largest LBO overall
since 2008.

Under the terms of the merger agreement, which was approved by Zayo’s stockholders at a
special meeting held on July 26, 2019, Zayo stockholders will receive $35 in cash per share of
Zayo common stock. As a result of the transaction completion, Zayo is now a privately held
company and its common stock has ceased trading on the NYSE.

Founded in 2007, Zayo has grown through both organic investment and 45 acquisitions to
become the leading independent provider of communications infrastructure. With deep, dense
metro and long haul networks across the U.S., Canada and Western Europe, Zayo serves many
of the largest and most innovative companies in the world. Before going public in 2014, Zayo’s
original private equity investors funded the company with just over $1 billion of equity; with
today’s transaction close, that equity is worth over $8 billion, creating material value for
shareholders. Beyond shareholder value, Zayo has also established itself over the past 13
years as a top employer along Colorado’s front range and as an active participant in the
communities in which it operates.

“We are excited to launch this new chapter of Zayo, as a private company under the ownership
of a consortium led by two highly experienced infrastructure investors who have a deep
understanding of our business and bring significant value to Zayo,” said Dan Caruso, Zayo’s
chief executive officer. “This is a great outcome for the company, its former shareholders, our
customers and employees, and our new ownership group. As a private company, we will have
greater flexibility to pursue our long-term strategy and leverage our fiber to fuel global innovation
for our customers.”

“EQT has a strong track record of supporting market leading companies and we look forward to
working with the entire Zayo organization as it embarks on its next phase of growth as a private
company,” said Jan Vesely, Partner at EQT Partners, Investment Advisor to EQT Infrastructure.
“Zayo is ideally positioned to meaningfully expand its offerings and services against the
backdrop of accelerating demand for innovative fiber infrastructure solutions.”

“Zayo has amassed a world class network that is unparalleled in the markets they serve,
supporting the world’s most innovative companies,” said Marc Ganzi, CEO of Digital Colony and
CEO-Elect of Colony Capital. “We believe that fiber networks are the crucial connective element
in the digital infrastructure ecosystem, and we look forward to partnering with the Zayo team to
execute on the plan of leveraging these powerful assets and driving growth with our customers
across multiple markets and verticals.”

Goldman Sachs and J.P. Morgan served as financial advisors to Zayo Group in connection with
the transaction and Skadden Arps served as legal counsel. Morgan Stanley and Deutsche Bank
acted as financial advisors to Digital Colony and EQT Infrastructure and Simpson Thacher
served as legal advisor.
For more information about Zayo, visit

About Zayo
Zayo provides mission-critical bandwidth to the world’s most impactful companies, fueling the
innovations that are transforming our society. Zayo’s 133,000-mile network in North America
and Europe includes extensive metro connectivity to thousands of buildings and data centers.
Zayo’s communications infrastructure solutions include dark fiber, private data networks,
wavelengths, Ethernet, dedicated Internet access, and colocation services. Zayo owns and
operates a Tier 1 IP Backbone and 44 carrier-neutral data centers. Through its Cloudlink
service, Zayo provides low latency private connectivity that attaches enterprises to their public
cloud environments. Zayo serves wireless and wireline carriers, media, tech, content, finance,
healthcare and other large enterprises. For more information, visit

About Digital Colony
Digital Colony Management, LLC (“Digital Colony”) is the global digital infrastructure investment
platform of Colony Capital, Inc. (NYSE: CLNY) and a leading investor, owner and operator of
companies enabling the next generation of mobile and internet connectivity. Digital Colony was
launched in 2018 by Digital Bridge Holdings, LLC and Colony Capital to bring together Digital
Bridge’s industry, operational and investment expertise in the telecommunications sector with
Colony Capital’s global scale, operating platform and capital markets access. The inaugural
fund, Digital Colony Partners, LP, closed in May 2019, with $4.05 billion in commitments,
making it the first fund dedicated solely to investing in digital infrastructure. For more
information, please visit

About EQT

EQT is a differentiated global investment organization with more than EUR 62 billion in raised
capital and around EUR 40 billion in assets under management across 19 active funds. EQT
funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR
21 billion and approximately 127,000 employees. EQT works with portfolio companies to
achieve sustainable growth, operational excellence and market leadership. More info:
For Zayo: Shannon Paulk, Corporate Communications
Brad Korch, Investor Relations

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