Praesidian Capital Leads Second Round Investment in Pixelogic To Acquire Sony Business Unit
NEW YORK – June 8, 2017 – Praesidian Capital, a leading provider of senior and subordinated capital for small and mid-sized businesses, announced today that it has successfully agented a club facility to support Pixelogic Media Partners LLC’s (“Pixelogic”, or “the Company”) acquisition of the Sony DADC NMS Creative Services business unit, which brings a significant expansion of Pixelogic’s services to the media and entertainment industry.
Founded less than a year ago with the support of Praesidian’s initial investment, Pixelogic now employs more than 240 employees worldwide and is rapidly becoming a leading provider of localization and distribution services to the major Hollywood studios, broadcasters and digital retailers. Led by industry veterans John Suh and Rob Seidel, the company is headquartered in Burbank, Calif., with additional operations in Culver City, Calif., as well as London and Cairo.
This acquisition marks the second deal by Pixelogic and Praesidian following the platform acquisition of Radius60 in August 2016. Radius60 has been a pioneer in physical media, digital distribution and next generation products for more than 13 years.
“Glenn Harrison and the entire Praesidian team understood our vision for Pixelogic from the beginning,” said Suh, Pixelogic Co-President. “Their collaborative approach and constant support has allowed us to create an industry leader in less than a year.”
“We have been consistently impressed with Suh and Seidel’s execution of their collective vision,” remarked Glenn Harrison, Praesidian Capital Partner. “They have assembled a team of the best players in the industry and continue to surpass market expectations in terms of service and capabilities. We are excited about being part of Pixelogic’s story for years to come.”
Pixelogic was advised by a team led by Kenny Favre, Managing Partner of EFA Partners.
Pixelogic is a global provider of content localization and distribution services for the media and entertainment industry. Built on advanced next generation workflows with operations in Burbank and Culver City, Calif., London and Cairo, Pixelogic services the industry’s leading content owners including the major Hollywood studios, broadcasters, digital retailers and a range of others. Pixelogic services include subtitling and closed captioning, foreign language dubbing, access services, text and metadata translation, audio services, marketing and promotional material design and versioning, distribution and archive mastering, compression and authoring for physical media formats, transcoding and packaging for digital distribution products, and custom software and application development services. For more information, visit www.pixelogicmedia.com.
About Praesidian Capital
Praesidian Capital is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe. Praesidian invests in established small and mid-sized companies, often in connection with management buyouts, recapitalizations, and refinancings. Based in New York with an office in London, Praesidian has nearly $1 billion in original capital commitments in aggregate. For more information, visit www.praesidian.com.
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