Carlyle Group takes majority stake at disguise
Wednesday, 10 March 2021
disguisedisguise has experienced considerable growth over the past five years
UK - disguise has announced that global investment firm The Carlyle Group will take a majority stake in the company, with US video games developer Epic Games taking a minority stake.
disguise employees will also retain a “significant” minority share, with founder Ash Nehru the largest shareholder. Existing private equity partner Livingbridge will also reinvest in the transaction.
The partnership with Carlyle will accelerate disguise’s growth plan, focusing on international expansion, continued innovation, and enhanced support and product offerings for its customers. Meanwhile, Epic Games has bolstered its position with this latest transaction, having last year backed disguise with an undisclosed grant to enable its technology to be a native platform for the delivery of Unreal Engine content in xR projects.
disguise CEO Fernando Kufer says: “We’re proud of the journey that we have been on with our customers and are excited by what the future holds. We’re delighted to work alongside Carlyle, who understand our vision for growth, in this next phase of the disguise story, and are excited to keep driving innovation in virtual production and xR stages with Epic. In partnering with Carlyle, the future is very bright for disguise, its customers, and its community.”
Michael Wand, MD and co-head of the Carlyle Europe Technology, comments: “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.”

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