Genstar Capital completes Telestream acquisition

Thoma Bravo has closed its sale of Telestream to Genstar Capital. No financial terms were disclosed. Lazard provided financial advice to Telestream on the transaction. Based in Nevada City, California, Telestream is a provider of live and on-demand digital video tools and workflow solutions.


San Francisco – Jan 15, 2015 – Thoma Bravo, LLC, a leading private equity investment firm, has completed the sale of portfolio company Telestream, Inc., a world-class provider of live and on-demand digital video tools and workflow solutions, to Genstar Capital. Financial terms were not disclosed.

“Telestream represents another Thoma Bravo case study in buying and growing a high quality vertical market technology franchise,” said Holden Spaht, a managing partner at Thoma Bravo. “In concert with management, we invested across all areas of the business, made acquisitions and accelerated the Company’s organic growth. We look forward to watching Telestream continue its growth trajectory under new ownership.”

“Thoma Bravo shared our goals for the business and approached us with a clear vision on how to position Telestream for long-term success,” said Dan Castles, Telestream’s president and CEO. “It’s been a tremendous past three years with Thoma Bravo as a partner in our business, and we thank them for their investment and expertise.”

Goodwin Procter LLP served as legal advisor to Thoma Bravo for the transaction. Lazard served as financial advisor to Telestream.

About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $7.5 billion of equity commitments. For more information, visit

About Telestream
Telestream provides world-class live and on-demand digital video tools and workflow solutions that allow consumers and businesses to transform video on the desktop and across the enterprise. Many of the world’s most demanding media and entertainment companies as well as a growing number of users in a broad range of business environments, rely on Telestream products to streamline operations, reach broader audiences and generate more revenue from their media. Telestream products span the entire digital media lifecycle, including video capture and ingest; live and on-demand encoding and transcoding; captioning; playback and inspection, delivery, and live streaming; as well as automation and orchestration of the entire workflow. Telestream corporate headquarters are located in Nevada City, California. The company is privately held. For more information, visit