Tuesday, December 13, 2011
Encompass Digital Media Acquired By Private Equity Firm
Los Angeles-based Encompass Digital Media, a provider of digital media services to the broadcast and cable television market, said this morning that it is in a deal with private equity Court Square Capital Partners, where Court Square will acquire a majority interest in the company. Court Square is buying the interest in the company from Wasserstein & Co. L.P. and others. Financial terms of the acquisition were not disclosed. Encompass Digital Media was advised by MacQuarie Capital, as well as Munger, Tolles & Olson LLP in the transaction. Encompass provides satellite trucks and satellite uplinks, digital file transfer services, production studios, network origination, and many other services to broadcasters.