Praesidian Capital has exited its investment in Pixelogic Media Partners, a provider of content localization and distribution services for the media and entertainment industry. No financial terms were disclosed.
NEW YORK–(BUSINESS WIRE)–Praesidian Capital, a leading private investment firm focused on providing flexible capital to small and mid-sized businesses, announced today that it has successfully exited its investment in Pixelogic Media Partners LLC (“Pixelogic” or the “Company”).
Praesidian’s initial investment supported the Company’s acquisition of Radius60. Praesidian further supported the company with subsequent investments to support the acquisition of the Sony DADC NMS Creative Services business unit, which brought a significant expansion of Pixelogic’s services to the media and entertainment industry and substantial capital projects that expanded service offerings.
“We set out four years ago to create the next generation of distribution solutions for studios, distributors and digital retailers. Glenn Harrison and the entire Praesidian team embraced our vision and supported us along every step of the way,” said John Suh, Pixelogic Co-President. “They have been a tremendous partner for us and we would welcome the opportunity to work with them again.”
“We have been consistently impressed with John Suh and Robert Seidel’s execution of their collective vision and we are honored to be a part of their story,” remarked Glenn Harrison, Praesidian Capital Partner. Jason Drattell, Praesidian Capital Founding Partner, commented “John and Rob have assembled a team of the best players in the industry and have quickly become market leaders.”
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 flexible capital to private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe. Most recently, Praesidian launched a private equity strategy focused on control positions in lower middle market businesses. Based in New York with an office in London, Praesidian manages nearly $1 billion in committed capital. For more information, visit www.praesidian.com.