Investment Group Buys Pacific Title & Art

Hollywood-based Pacific Title & Art Studio, a wholly owned subsidiary of Safeguard Scientifics, has been acquired for $23M, according to Safeguard. Safeguard said today it sold the provder of film services to an investment group led by Celerity Partners, Ticonderoga Capital, and venture capitalist William Daniels. Safeguard said that it sold the company because it is in a business segment the firm no longer considers core to its strategy. Pacific Title is a provider of post-production services to film studios.