Grass Valley acquisition by Black Dragon Capital completed

Company to continue its activities under the leadership of Tim Shoulders

Grass Valley announces the completion of its acquisition by private equity firm, Black Dragon Capital, from Belden Inc. As noted in the original transaction press release, Black Dragon Capital assumes full control of Grass Valley and all of its assets.

Source: Grass Valley / Black Dragon Capital

Belden will maintain a financial interest in Grass Valley and has entered into a multi-year Transition Services Agreement (TSA) to ensure the smooth handover of key business and operational systems from Belden to Black Dragon. Grass Valley is committed to continuing its innovation leadership in media technology to aid customers and partners who are adjusting their businesses to reflect these challenging times.

With the acquisition complete, Grass Valley will continue its day-to-day activities under the leadership of the company's president, Tim Shoulders, without disruption.

www.grassvalley.com

 

 

 

 

 

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