March 5, 2021
Technology, Digital Media and Media
M&A, Debt advisory
GCA Altium advises LDC on its investment in Sohonet
GCA Altium acted as exclusive buy-side M&A and debt advisor to LDC on its investment in Sohonet, the leading collaboration services platform to the global media and entertainment sector.
Founded in 1995, Sohonet provides over 500 media companies and thousands of media professionals with a wide range of technically advanced and highly secure solutions. These are designed to help media professionals collaborate on projects with their internationally distributed teams to create the magic that appears on our screens for feature films, TV shows and advertising.
The business has a global presence across Europe, North America and Australasia, including locations in London, Los Angeles, New York and Sydney. It employs more than 120 people and has grown revenues by 30 per cent in the last three years.
Sohonet operates in a market that is fuelled by the growth of leading on-demand platforms like Netflix, Disney+ and Amazon Prime, and the rising demand for highly secure technological solutions. LDC will support Sohonet to build out its leading products and services, explore new markets and complementary acquisitions.
Chuck Parker, CEO of Sohonet, said: “We are very pleased with the growth of the business over the past six years and are proud of the brand and products we have developed. The migration of post services to the cloud, the rise of virtual production, and the explosion of remote collaboration have made our capabilities more relevant than ever, as storytellers everywhere find themselves in the golden age of content creation. LDC has a proven track record of backing growing TMT business and supporting ambitious acquisitive growth strategies. We are really excited to work closely with the team at LDC to further enhance our market leading products and services.”
LDC’s Dewi Hughes added: “Chuck and his ambitious team came to LDC with a clearly mapped out strategy to continue to grow the business in a rapidly evolving market environment. We are therefore delighted to be investing in such a well-established, branded innovator and to support Sohonet in the next chapter of the journey.”