#Private Equity Firm STG Completes Acquisition of Avid for $1.4 Billion
An affiliate of private equity firm STG has completed the acquisition of Avid Technology — the maker of the Media Composer editing system and Pro Tools audio postproduction system, both leading tools used in Hollywood for picture editing and sound, respectively — in an all-cash transaction valued at approximately $1.4 billion. Under the terms of the agreement,…