Global law firm White & Case LLP has advised private equity fund Altor Fund IV on the financing of the successful acquisition of BTI Studios Holding AB, a leading global localization player from Carlyle European Technology Partners II.
"This is one of many significant financing transactions for which we have had the pleasure to advise Altor. This transaction in particular demonstrated our ability to rapidly deliver global solutions for a deal that involved more than twelve different jurisdictions," says Oscar Liljeson, responsible partner at White & Case.
BTI Studios is one of the leading localization players globally, providing dubbing, subtitling and access services in over 50 languages. Clients are Video-on-Demand ("VoD") platforms such as Netflix, Amazon and Hulu, major film studios such as NBC Universal, Warner, Disney and Fox, and broadcasters such as SVT, Discovery and Turner. Projects include high profile series such as Game of Thrones, The Walking Dead and True Detective, and Award-winning movies such as Moonlight, among many others.
Altor is a family of private equity funds focused on investing in and developing medium sized companies with a Nordic origin. Since inception, the family of Altor funds has raised EUR 5.8 billion in total commitments. The funds have invested in excess of EUR 3.8 billion in more than 40 companies. The investments primarily have been made in medium-sized companies with the aim to create value through growth initiatives and operational improvements.
The White & Case team that advised on the transaction was led by partners Oscar Liljeson and Magnus Wennerhorn (both Stockholm), and included partners Hadrien Servais (Brussels), Tanja Törnqvist (Helsinki), Samir Berlat (Paris), Eugene Man (Hong Kong), Tomasz Ostrowski (Warsaw), Martin Forbes (London), Gregory Owens (New York) with support from associates Oscar Hållén (Stockholm), Aurélie Terlinden (Brussels), Kaisa Eisanen (Helsinki), Laure Elbaze (Paris), Sabrina Lee (Hong Kong), Eva Yu (Hong Kong), Aneta Urban (Warsaw), Caroline Murphy (London) and Jason Pham (New York).
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