Altor, Shamrock partially exit BTI Studios
BTI Studios, a portfolio company of Altor Equity Partners and Shamrock Capital, has been acquired by SoftBank Ventures Asia portfolio company Iyuno Media Group.
SoftBank Ventures Asia, Altor and Shamrock will back the newly formed entity, providing financial support and expertise in the media industry.
The merged company will be based in London and will trade under the name Iyuno Media Group. The CEO of Iyuno has been made executive chairman and the former CEO of BTI will act as CEO for the new company.
Iyuno has raised $23.5m in funding to date.
BTI reported an EBITDA €19m in 2017.
Previous funding
Valedo Private Equity, together with the management, acquired BTI in August 2008 from media company ProSiebenSat.1.
Valedo and other minority partners sold their stakes in the company to Carlyle Europe Technology Partners in 2013 in a deal that valued the company at SEK 500m.
Carlyle sold the company to Altor in July 2017, valuing the business at around €230m.
Altor Fund IV sold a 30% stake to Shamrock in 2017.
Company
BTI is based in London and operates 25 facilities around the world, dubbing and adding subtitles to films and television shows. Founded in 1995, the company employs 580 people, according to LinkedIn.
People
Iyuno Media Group – David Lee (founder); Shaun Gregory (CEO).
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