Grass Valley’s Tim Shoulders on Black Dragon’s take over from Belden

Black Dragon Capital has swooped in to buy Grass Valley from Belden after it was put up for sale towards the end of last year. The private equity firm, led by former Avid chief executive Louis Hernandez, will become the fourth owner in the last 20 years, following Thomson Multimedia (now Technicolor), Franscisco Partners and Belden.

A transition in ownership enables Grass Valley to refocus its investment plans in workflows that are flexible, software and cloud native, and enhance customer opportunities at the forefront of industry change.

That is how Grass Valley president Tim Shoulders explains the company’s recent sale to IBC365: “It will help us streamline our decision making and make better decisions that are in the best interest for our customers because the entire organisation, including our ownership, is aligned around this broadcast market and what our customers want.”

With no “dramatic shift in focus of the company or reengineering,” Shoulder says “it will be a…