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Elevation to acquire subtitler SDI

Elevation Partners, the private equity firm whose co-founders include industry veteran Roger McNamee and U2 frontman Bono, has agreed to buy the SDI Media Group, a provider of subtitling and language dubbing services to media companies. Terms of the deal were not disclosed. Elevation is buying Culver City, Calif.-based SDI from Warburg Pincus, which acquired the subtitler in 2004 for $60 million.