Los Angeles, California – Avante Mezzanine Partners (“Avante”) announced today that it realized a full exit from its investment in Telestream, Inc. (“Telestream” or the “Company”), a world-leading provider of live and on-demand digital video tools and workflow solutions. Avante provided junior capital financing in support of the acquisition of Telestream by Thoma Bravo in January 2012. The Company was acquired by Genstar Capital in January 2015. Avante generated a 30% unlevered compounded annual rate of return over the life of its original investment in Telestream. Avante also participated in Genstar Capital’s acquisition by investing alongside the sponsor.
“Under the leadership of its founding management team and Thoma Bravo, Telestream has become the dominant transcoding software provider,” said Avante Managing Partner Natasha Fox. “We are excited to work with Genstar Capital and continue to support Telestream’s management team as they embark on their next phase of growth,” added Paul Hayama, Partner of Avante.