The Carlyle Group Invests in disguise

disguise partners with The Carlyle Group as it enters a new chapter of growth.

Recognised as one of the Financial Times’ top 1000 fastest growing businesses for 2021, disguise will now be supported by The Carlyle Group, a global investment firm with $246bn of assets under management, who will take a majority stake in the company, alongside Epic Games who take a minority stake.

In the past year, over 150 disguise xR stages have been built in more than 35 countries and disguise xR has powered more than 200 events.

The disguise technology platform enables creative and technical professionals to imagine, create and deliver spectacular visual experiences and production environments. Combining its leading experience production software with powerful media server hardware, disguise empowers brands, artists, and organisations to tell stories that inspire their audiences.

Led by CEO Fernando Kufer, disguise employees will also retain a significant minority share, with Founder Ash Nehru still the largest shareholder amongst them. Existing Private Equity partner Livingbridge will also reinvest in the transaction.

Michael Wand, Managing Director and Co-Head of the Carlyle Europe Technology advisory team, will join the board of disguise. He was previously involved with investments such as The Mill and Foundry, and is currently a board member of other media tech businesses such as the digital agency DEPT.

Ward 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.”

Epic Games will take a minority stake in disguise, enhancing an already strong partnership between the two companies. Production companies and broadcasters are embracing the benefits of virtual production techniques, built on photorealistic real-time graphics engines such as Epic’s Unreal Engine, and LED infrastructure for immersing presenters and performers in virtual environments.

disguise CEO Fernando Kufer said: “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.”