Advised The Carlyle Group on the sale of its portfolio company BTI Studios, a global provider of localisation services to the media industry, to Altor Equity Partners
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to The Carlyle Group (NASDAQ: CG) on the sale of its portfolio company BTI Studios to Altor.
Founded in 1995, BTI Studios is a global localisation company providing dubbing, subtitling, access services and media solutions across multiple languages to a diverse international customer base. BTI Studios operates 21 facilities in 17 countries worldwide with a network of fully owned sites and local studios, handling more than 150,000 hours of dubbing, subtitling and access services for its customers annually. BTI Studios’ clients include broadcasters (e.g. BBC Worldwide and Discovery Networks), major film studios (e.g. Disney and NBC Universal) and VOD platforms (e.g. Amazon and Netflix).
Since Carlyle’s investment in 2013, BTI Studios has delivered sustained growth resulting in revenues of c. €100m in 2017 and EBITDA has more than trebled through a combination of organic and inorganic growth initiatives to broaden the company’s service offering and expand its geographic footprint.
This transaction demonstrates Arma Partners’ expertise in technology-enabled services and our exceptional track record of working successfully with private equity-backed and founder-led businesses.