Warburg Pincus buys SDI Media and EMGS

The global private equity firm scoops up the entertainment industry’s provider of translation, subtitling and dubbing for $60 million and acquires Scandinavian electromagnetic imaging company.

Global private equity house Warburg Pincus announced the acquisition of SDI Media Group from Sweden’s publicly traded Modern Times Group for $60 million (€49 million).

SDI Media Group provides translation, subtitling and dubbing services to the entertainment industry, including theatrical, broadcast and DVD clients. The company is headquartered in Los Angeles with offices in London and Hong Kong, and produces language versions of movies and television shows in more than 50 languages.

In a statement, Warburg Pincus managing director Mark Colodny, who led the deal, said SDI Media “plays an important role for entertainment companies, for whom exported film and TV content continue to be increasingly critical revenue streams.”

Back in March, Warburg Pincus bought speech and imaging technology company ScanSoft from Xerox for approximately $80 million.

In separate news, Warburg Pincus has acquired ElectroMagnetic GeoServices (EMGS), a Norwegian provider of electromagnetic imaging services to offshore exploration and production companies, for an undisclosed sum.

EMGS, founded in 2002, has developed and is commercialising an innovative technology that uses electromagnetic energy to investigate the sub-surface. The technology has already been used in a number of surveys in the Norwegian, North and Barent Seas by a variety of state-owned and major international oil companies.

Warburg Pincus has provided over $1 billion of equity financing for oil and gas exploration and production companies. The firm currently has approximately $14 billion of assets under management globally.