Black Dragon Buying Belden's Grass Valley

Private equity firm Black Dragon Capital agreed to buy Belden's Grass Valley broadcast software company, Grass Valley announced Tuesday. The deal is expected to be completed in Q1, the release said. “There are no immediate changes planned to Grass Valley's operational management structure.” The deal has an upfront cash payment of $140 million plus “various forms of deferred consideration,” including a $213 million five-year seller’s note, up to $130 million in payment-in-kind interest and $150 million in “potential earn-out payments,” Belden said.