Technicolor recently announced the completion of the sale of its Grass Valley Broadcast business to Francisco Partners on 31 December 2010, in accordance with both the offer received in July 2010 and the terms detailed in the company’s July 26, 2010 press release.

The Broadcast business is a provider of video creation and video management equipment for broadcasters and teleproduction companies.

Shearman & Sterling represented Francisco Partners in this transaction. Principal M&A attorneys working on the transaction include partners Michael Kennedy (San Francisco-Mergers & Acquisitions) and Steve Camahort (San Francisco-Mergers & Acquisitions) and associates Jeffrey Wolf (San Francisco-Mergers & Acquisitions) and Christine Huang (San Francisco-Mergers & Acquisitions). Other Shearman & Sterling attorneys working on this transaction include partners Tina Patel (Menlo Park-Intellectual Property Transactions), Don Lonczak (Washington, DC-Tax), Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits), Lois Moore (London-Mergers & Acquisitions ), Jacques Naquet-Radiguet (Paris-Mergers & Acquisitions), Rainer Wilke (Dusseldorf-Mergers & Acquisitions) and Kenneth Lebrun (Tokyo-Mergers & Acquisitions); counsel Sam Whitaker (London-Executive Compensation & Employee Benefits); and associates Kokoro Motegi (Tokyo-Mergers & Acquisitions), Elise Mannent (Paris-Mergers & Acquisitions), Barbara Le Chapellier (Paris-Mergers & Acquisitions), Armelle Sandrin-Deforge (Paris-Mergers & Acquisitions), Molly Stark (New York-Executive Compensation & Employee Benefits), Dirk Neumann (Dusseldorf-Mergers & Acquisitions), Timothy Franklin (New York-Intellectual Property Transactions), Jeffrey Tate (Washington, DC-Tax) and Adam Conway (New York-Intellectual Property Transactions).