Los Angeles-based SDI Media Group, a provider of subtitling and language dubbing services, has been acquired by Elevation Partners, the investment group that includes U2’s Bono as a partner. Financial terms of the deal were not disclosed. Elevation is acquiring SDI Media from private equity firm Warburg Pincus, which acquired SDI in 2004. SDI Media provides localization of media, including subtitling and dubbing, using its own software and network of freelancers and employees. Elevation Partners is a private equity firm that includes U2’s Bono, Roger McNamee, Fred Anderson, Bret Pearlman, and Marc Bodnick. Elevation also holds a stake in Move.com and Forbes Magazine.

- socaltech 

Related posts:

• BUSINESS WIRE: Forbes Announces Elevation Partners Investment in Family Held CompanyBoth Companies Cite Exciting Opportunities for Growth and The Future NEW YORK--(BUSINESS WIRE)--Aug. 7, 2006--Forbes, a family held company, announced today an investment in the company by Elevation Partners in which the private equity firm has become a minority shareholder in a newly formed company, Forbes Media, LLC, the publisher...
• U2Photos.com: New Elevation Photos - St. Louis, & AtlantaOtto Kitsinger of U2Photos.com has added addition photos to his U2 collection. Otto has travel 11,000 miles in seven weeks (with some help) to capture U2 from coast to coast and has a site to share his images. Now Otto has added photos from St.Louis, and Atlanta. 20 new photos...
• U2 firm cuts losses to E2.9m in 2005 Not Us Ltd, the core business behind the rock group, U2, has cut losses to E2.9m from E18.81m. The improvement came as the band embarked on the Vertigo world tour after the release of their 14th album, How to Dismantle an Atomic Bomb.Part of the group's business empire have...