Law firm Stephenson Harwood LLP has advised FPE Capital (FPE) and management on the sale of Masstech to Telestream. FPE, a software and services focused lower mid-market growth investor, and the management team have sold their stake to Telestream, which is backed by Genstar Capital, a San Francisco-based, technology private equity investor.

Masstech is a media asset management and workflow solutions provider, which provides more than 400 media and broadcast companies with software to optimise their video storage. The combination of Telestream and Masstech’s respective market positions, customer bases and technology propositions will complement each other, as they continue to develop innovative video workflow solutions for the media industry.

The Stephenson Harwood team was led by private equity partner Malcolm MacDougall, who was supported by senior associate Lucy Thorpe and associate Dafni Loizou.