Los Angeles, California – Avante Mezzanine Partners has provided junior capital financing to Telestream, Inc., the world’s leading provider of video transcoding and digital media software solutions (www.telestream.net). The Avante investment supports the acquisition of Telestream by Thoma Bravo, a leading private equity firm (www.thomabravo.com).
“Telestream’s leading market position, best-in-class product reputation and committed, founder-led management team represent some of the key attributes we seek in companies” said Natasha Fox, partner at Avante. “We are delighted to work with Thoma Bravo again and look forward to continuing to support Telestream’s growth, guided by the sponsor’s deep industry knowledge”.
“We are excited about the opportunity to finance one of the top-tier solution providers in the digital media space” added Paul Hayama, vice president at Avante. “This transaction is an example of Avante’s ability to leverage its significant experience in software while providing a competitive, flexible financing solution.”