Disguise has announced new backing from global investment company The Carlyle Group, which has taken a majority stake in the company after being sold by private equity investor Livingbridge.
Unreal engine developer, Epic Games, has also secured a minority
stake in the company.
As part of the sale, Michael Wand, managing
director and co-head of the Carlyle Europe Technology advisory team, has
joined the board of disguise.
Wand commented: “The virtual production market
is forecast to grow substantially, and we believe that disguise is uniquely
placed to benefit from the accelerated demand for LED-based visual experiences
and capture further market share. In partnering with the disguise management
team, we will look to leverage our significant expertise in scaling media
technology companies as we support the company to become a global leader.”