Morgan Stanley Private Credit (MSPC) announced that several of its investment funds have led to a $220 million recapitalization of Grass Valley. This leading media technology company provides the live media and entertainment industry with end-to-end solutions.
This strategic deal will enhance the company’s balance sheet and accelerate investments in software and integrated hardware solutions as part of one of the industry’s most advanced cloud-native media platforms.
Grass Valley is leading the future of live production solutions by enabling streamlined workflows through the Grass Valley Media Universe (GVMU), including the AMPP SaaS Platform (an open ecosystem delivering significant advantages with flexibility across on-prem, hybrid, or cloud-native deployment models).
With the recapitalization, Grass Valley will accelerate its investment in the combined GVMU-integrated hardware and software solutions (enabled by AMPP) and extend its leadership in live, networking, content production, and playout workflows.
KEY QUOTES:
“We are pleased to be Grass Valley’s financing partner and support the company in its next phase of growth. This debt investment is an example of our ability to provide a flexible capital solution tailored to meet Grass Valley’s needs, positioning the business for significant future success.”
– Peter Ma, Managing Director, Morgan Stanley Private Credit
“This recapitalization serves to accelerate Grass Valley’s growth coming out of a successful 2023. We had our strongest year since 2020 for live production and networking infrastructure hardware. Earnings increased over 100%, revenues nearly doubled thanks to a significant increase in recurring revenue with AMPP, and we hired hundreds of employees globally. This investment will accelerate Grass Valley’s innovation across their entire portfolio during an industry-wide transition period, particularly in the AMPP ecosystem.”
– Grass Valley’s Chairman and CEO Louis Hernandez Jr.
