Morgan Stanley Private Credit (“MSPC”) announced today that several of its investment funds have led a $220 million recapitalization for Grass Valley, a leading media technology company. The recapitalization aims to strengthen Grass Valley's balance sheet and expedite investments in software and integrated hardware solutions, enhancing its cloud-native media platform.
Peter Ma, Managing Director at Morgan Stanley Private Credit, expressed the firm's support for Grass Valley's growth, stating, “We are pleased to be Grass Valley’s financing partner and support the company in its next phase of growth.” This debt investment is tailored to meet Grass Valley’s specific needs, positioning the company for future success.
Grass Valley's Chairman and CEO, Louis Hernandez Jr., highlighted the significance of the recapitalization in accelerating the company's innovation and growth trajectory. Hernandez Jr. stated, “This recapitalization serves to accelerate Grass Valley’s growth coming out of a successful 2023." He also emphasized that the investment will drive innovation across Grass Valley's entire portfolio, particularly within the AMPP ecosystem, during an industry-wide transition period.
Grass Valley, a key player in the media technology industry, is focused on providing end-to-end solutions for live media and entertainment. Louis Hernandez Jr. noted the company's achievements in 2023, including a substantial increase in recurring revenue with AMPP and significant growth in earnings and revenues. The recapitalization will enable Grass Valley to further enhance its offerings and maintain its leadership in live production, networking infrastructure, content production, and playout workflows.
The strategic partnership between Morgan Stanley Private Credit and Grass Valley signifies a commitment to advancing media technology innovation and supporting growth in the industry. Grass Valley's dedication to delivering top-notch hardware and software solutions continues to shape the future of live media production.
For more information about Grass Valley, visit their website at grassvalley.com. Morgan Stanley Private Credit's focus on direct lending and private credit investment plays a pivotal role in driving growth and innovation in North America and Western Europe.
