Several of Morgan Stanley Private Credit’s investment funds led a $220 million recapitalization for Grass Valley, a media technology company that provides end-to-end solutions for the live media and entertainment industry. This strategic transaction will strengthen the company’s balance sheet and help it further accelerate investments in software and integrated hardware solutions as part of its cloud-native media platform.
Grass Valley enables streamlined workflows for live production through the Grass Valley Media Universe (GVMU), which includes the AMPP SaaS platform, an open ecosystem delivering advantages with across on-premise, hybrid and cloud-native deployment models. With this recapitalization, Grass Valley will accelerate its investment across the combined GVMU integrated hardware and software solutions, enabled by AMPP.
“We are pleased to be Grass Valley’s financing partner and support the company in its next phase of growth,” Peter Ma, managing director of Morgan Stanley Private Credit, said. “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.”
“This recapitalization serves to accelerate Grass Valley’s growth coming out of a successful 2023,” Louis Hernandez Jr., chairman and CEO of Grass Valley, said. “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.”
