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Wrapbook Raises Equity Financing at a $750M Valuation, Plus Launch of Secondary Tender Offer for Employees from Bessemer Venture Partners

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Primary funding accelerates investment into Wrapbook’s NextGen payroll and production accounting solution for the industry’s evolving needs.

BURBANK, Calif., Sept. 24, 2024 /PRNewswire/ — Wrapbook, the employer-of-record service modernizing entertainment payroll and production accounting, today announced a $20 million investment from Bessemer Venture Partners, valuing the company at $750 million. Additionally, the parties have launched a secondary tender offer, allowing eligible* Wrapbook employees to sell a portion of their equity. With this transaction Wrapbook is proud to recognize its employees’ contributions to the industry.

Wrapbook accelerates film finance and production accounting teams processes though:

Accelerated Speed and Efficiency: Enable production finance teams to operate in real-time with numbers they can trust.Elevate Collaboration: Bring all teams together in one system to work towards a common goal of wrapping a production on budget compliantly.Make Better Decisions Faster: Understand insights across all projects, entities, divisions, and crews through NextGen reporting and dashboards.

In an industry grappling with tightening budgets, production pauses, and complex financial management, Wrapbook has emerged as a critical solution for teams to get more work done faster, and with greater fidelity. “Wrapbook acts as a force multiplier for finance executives, production accountants and producers,” said Ali Javid, CEO of Wrapbook. “Our platform and elevated services model allow these crucial team members to manage complex processes efficiently and contribute more strategically to the productions’ success.”

Mary D’Onofrio, Partner at Bessemer Venture Partners, added, “Wrapbook’s technology fundamentally enhances the capacity and impact of production finance teams. We’ve been pursuing this investment for years, recognizing its potential to reshape entertainment finance.”

“We are imaging a new, better way to manage production finance with the support of our customers and the industry,” said Cameron Woodward, Co-Founder of Wrapbook.

Wrapbook is grateful to those who are propelling forward Wrapbook as a new standard for the industry:

– 1,000+ companies who use Wrapbook
– 4 studios have signed up for Wrapbook to be used with their productions in the last year
– 175,000+ workers who have created a digital profile to be paid through
– 40+ talent agencies including CAA & WME who have adopted profiles for their talent
– 50% YoY Revenue Growth

For more information, visit wrapbook.com.

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell with respect to any securities of Wrapbook. The tender offer referenced in this press release is being made solely pursuant to the offer to purchase and related documents that have been previously distributed to eligible Wrapbook employees, which set forth the complete terms and conditions of such tender offer and also describe certain risks and considerations related to such tender offer. This press release does not amend, extend or modify such tender offer. Subject to applicable law, Bessemer Venture Partners may amend, extend or terminate such tender offer in its sole discretion.

This press release includes forward-looking statements and such statements are based on present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may turn out to be different from these statements. All forward-looking statements are made as of the date of this press release, and neither Wrapbook nor Bessemer Venture Partners assumes any obligation to update this information.

About Wrapbook

Wrapbook is the force multiplier for production finance teams in the entertainment industry, specializing in payroll and production accounting. By uniting advanced technology with a groundbreaking service model across all segments, Wrapbook amplifies the capabilities of film finance professionals. The platform empowers production accountants, payroll specialists, and finance executives to work more efficiently, strategically, and compliantly. From studio projects to independent productions, Wrapbook’s innovative solution is trusted by thousands of companies to manage payroll, track expenses, and streamline accounting workflows in real-time. By enhancing the impact of finance professionals, Wrapbook enables the entire production ecosystem to focus on bringing creative visions to life, with less friction and more data intelligence.

About Bessemer Venture Partners

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has more than $18 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

*The tender offer is subject to the terms and conditions of the offer to purchase and related documents that have been previously distributed to eligible Wrapbook employees.

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SOURCE Wrapbook

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Arandell Corporation Completes Acquisition of Maple Grove Operations

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MENOMONEE FALLS, Wis., Sept. 24, 2024 /PRNewswire/ — Saothair Capital Partners (“Saothair”), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced today that its portfolio company Arandell Corporation (“Arandell”) has acquired the business and assets of the Maple Grove, MN, facility (“Maple Grove“) from the CJK Group.

Arandell is one of the nation’s leading providers of high-quality catalog and brochure printing, mailing and logistics.

Maple Grove was previously acquired as part of CJK Group’s acquisition of Kodi Collective from LSC Communications in February of 2024.

Arandell’s existing facility and corporate office are based in Menomonee Falls, WI, and for over 100 years, Arandell has built a reputation in the marketplace for providing exceptional service and print quality along with effective solutions for postal optimization and logistics for many leading brands, retailers and other clients.

Already one of the largest printers in the country, by the addition of the Maple Grove facility, Arandell significantly increases its available capacity – complementing the ongoing expansion at the Menomonee Falls facility – and provides an even wider range of print and binding solutions to its customers to support their needs and help manage costs. With over 200 employees, the Maple Grove operations include a large double-web press platform that can efficiently run lightweight paperstocks and a bindery that offers significant capacity for both flat and letter marketing mail.

Sandy L. Ford, President and CEO of Arandell, said, “We are tremendously excited to welcome the Maple Grove team to Arandell. Maple Grove has a great reputation for quality and reliability, and their capabilities are a perfect complement to our Menomonee Falls facility, allowing us to grow across both locations. Arandell is committed to being the leading provider of print mail solutions in the marketplace, and this acquisition represents a milestone for our organization in that mission.”

Kevin Madden, Managing Partner of Saothair, added, “We are thrilled to provide the necessary support for Sandy and the Arandell team as they expand their capabilities in the marketplace and provide our customers with the quality and reliability they expect from Arandell.”

Legal counsel to Saothair and Arandell was provided by Jenner & Block.

About Saothair Capital Partners

Saothair is a private investment firm focused exclusively on investing in middle-market manufacturing and industrial businesses facing unique financial or operational challenges. Saothair makes controlling equity investments in companies across various industries, including paper & packaging, plastics, metals processing, automotive, building products, healthcare-related products, food & beverage, and other manufacturing. Saothair works in partnership with each key stakeholder invested in the business’s long-term success.  For more information, please see www.saothair.com.

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SOURCE Saothair Capital Partners, LLC

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Silicones Market Positioned for Significant Growth, Expected to Reach $23.3 Billion by 2029

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Silicones: Driving Innovation Across Industries with High-Performance Applications in Construction, Manufacturing, and Transportation. BCC Research Study Projects 6.0% CAGR, with Market Growth from $17.4 Billion in 2024 to $23.3 Billion by 2029.

BOSTON, Sept. 24, 2024 /PRNewswire/ — “According to the latest BCC Research study, the demand for “Silicones: Global Markets” is expected to grow from $17.4 billion in 2024 and is projected to reach $23.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.0% during the forecast period of 2024 to 2029.”

The report provides an in-depth analysis of the global silicone market, focusing on its wide-ranging industrial applications in sectors such as transportation, construction, personal care, energy, healthcare, and electronics. It examines critical parameters evaluated by industries and regulatory bodies, given the ongoing advancements and expansions within these sectors. BCC Research has segmented the silicone market by product form—silicone elastomers, fluids, resins, gels, and others—and by end-use industries, including industrial processes, construction, personal care, transportation, energy, healthcare, and electronics. The report offers detailed market estimations in terms of value (in millions of dollars) and volume (in kilotons), with 2023 as the base year and forecasts extending from 2024 to 2029. Additionally, it covers regional market sizes across Asia-Pacific, Europe, North America, and the Rest of the World (RoW), while discussing market strategies, ESG development, regulatory landscape, key players, and driving forces shaping the industry.

The relevance of this report is underscored by the rapidly growing markets in sectors like construction, transportation, and electronics, all of which are driving a heightened demand for binding and coating substances. This surge is directly elevating the need for silicone products, a critical material in these industries. Moreover, with the rising concerns over pollution and environmental impact, the recycling of silicone has gained importance, opening doors for sustainable silicone products that can help reduce the carbon footprint. This shift not only creates new opportunities for businesses to enter the market but also highlights the essential role of silicone in the continued expansion of global industries.

Please click here for more details on “The Global Market for Silicones Report.”

The following factors drive the global market for silicones:

Surge in the Construction and Automotive Industries: Silicones are heavily used in construction for their sealants, adhesives, and coatings because they are durable and withstand harsh weather conditions. In the automotive sector, silicones are crucial for making gaskets, hoses, and other parts that need to handle hot temperatures and tough environments. As these industries expand, the demand for silicones naturally increases.

Increasing Demand for Silicone in Energy and Electronics Industries: In the energy sector, silicones are important for renewable technologies like solar panels and wind turbines, where they provide essential insulation and protection. For electronics, silicones are used to encase and protect delicate components, ensuring devices are reliable and long-lasting.

Growing Silicone Usage in Healthcare and Medical Applications: The healthcare industry relies on silicones for many uses, such as in medical devices, implants, and prosthetics, thanks to their compatibility with the human body and their flexibility. They are also used in wound care products and drug delivery systems, which help improve patient outcomes.

Rise of Silicone Recycling: With increasing environmental concerns, recycling silicones is becoming more common. This helps to minimize waste and reduce the environmental impact of silicone production. This trend is driven by stricter regulations and a growing emphasis on sustainability among manufacturers and consumers.

Request a sample copy of the global market for silicone reports.

Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast Period considered

2024-2029

Base year market size

$16.5 billion

Market Size Forecast

$23.3 billion

Growth rate

CAGR of 6.0% for the forecast period of 2024-2029

Segment Covered

Product Form, End User, and Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Countries covered

China, India, Japan, the U.S., Canada, Mexico, Germany, Spain, and France

Key Market Drivers

 

 

 

•  Surge in the construction and automotive industries.

•  Increasing demand for silicone in energy and electronics industries.

•  Growing silicone usage in healthcare and medical applications.

•  Rise of silicone recycling.

Key Interesting Facts About the global market for silicones:

Silicone is a versatile material used in scar treatment due to its beneficial properties.Silicone gel helps balance growth factors, hydrate skin, and protect scarred tissue from bacteria.It regulates collagen synthesis, reducing scar tissue formation over time.Silicone scar treatment products come in sheets, strips, and gels for unique needs.These products are recommended by healthcare professionals and can be used at home effectively.

The global market for silicones report includes in-depth data and analysis addressing the following important queries:

What is the projected market size and growth rate of the market?
– The estimated size of the silicones market will be $23.3 billion by 2029, with a CAGR of 6.0%.

What are the key factors driving the growth of the market?
– Expansion of the construction and automotive industries worldwide
– Increasing demand from packaging, furniture, footwear, and appliance industries

What segments are covered in the market?
– The market is segmented based on product form, end-user, and region. Segmentation based on product form: the market is segmented into silicone elastomers, silicone fluids, silicone resins, silicone gels, and others. Based on end use, the market is segmented into construction, transportation, electronics, personal care and consumer goods, healthcare, industrial processes, energy, and others. Regional estimates and forecasts comprise North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

By end-user, which segment will dominate the market by the end of 2029?
– The construction segment silicone market will continue to dominate the market by the end of 2029.

Which region has the highest market share in the market?
Asia-Pacific holds the largest market share due to the extensive presence of key players in this region and the high demand for automotive and electronics applications. Additionally, China and the Southeast Asian region have been among the largest utilizes of the technology.

 Some of the Key Market Players Are:

ASAHI KASEI ADVANCE CORP.BRB INTERNATIONALCHT GERMANY GMBH           DOWDUPONTDYSTAR SINGAPORE PTE. LTD.ELKEM ASAEVONIK INDUSTRIES AGINNOSPECKCC SILICONE CORP.MITSUBISHI SHOJI CHEMICAL CORP.SHIN-ETSU CHEMICAL CO. LTD.SILCHEM INC.SPECIALTY SILICONE PRODUCTS INC.WACKER CHEMIE AG

Browse More Related Reports:

Global Markets for Adhesives & Sealants or Joining and Fastening: This report provides a comprehensive overview of the global adhesives and sealants market, emphasizing their critical role across various industries including transportation, woodworking, packaging, construction, medical and healthcare, and consumer goods. With growing industrialization driving demand, advancements in adhesive and sealant technologies, such as hot melt, solvent-based, and silicone formulations, are crucial. The market analysis includes segmentation by type, technology, chemicals, curing techniques, and end-use sectors, forecasting market growth from 2024 to 2029 across key regions like Asia-Pacific, Europe, North America, and the Rest of the World (RoW). Key players, market strategies, and environmental, social, and governance (ESG) considerations also feature prominently in this assessment of the market landscape.

Elastomers: Applications and Global Markets: This report provides comprehensive insights into the global elastomers industry, detailing the several types of elastomers, such as thermosets and thermoplastics, and the processes associated with them, including injection molding, extrusion, adhesive, and coating. It also examines the key end-use industries that rely on elastomers, such as automotive, industrial, medical, consumer goods, and building and construction. The report offers market estimates based on manufacturers’ total revenues, with projected revenue values presented in constant U.S. dollars. Additionally, the market is segmented by region, covering North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).

Directly purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.

About BCC Research

BCC Research provides objective, unbiased measurement, and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

Contact Us

Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA

Email: info@bccresearch.com,

Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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SOURCE BCC Research LLC

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GDT Expands Collaboration Capabilities with MDS Acquisition

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DALLAS, Sept. 25, 2024 /PRNewswire/ — Global IT solutions provider General Datatech (GDT) announced that it has acquired MDS Global IT (MDS) to expand its international collaboration and contact center practice.

MDS’s deep expertise in Cisco Unified Collaboration and Unified Contact Center Enterprise complements GDT’s industry-leading capabilities in networking, data center modernization, and security. MDS adds customers in the healthcare, retail, banking, technology, and manufacturing industries to GDT’s large existing client base. The combined capabilities and significant scale of GDT and MDS together create new opportunities for customers on both sides.

“GDT continues making strategic business investments to scale our capabilities, meet the growing digital transformation needs of customers, and expand global market share,” said Shawn O’Grady, Chair and CEO of GDT. “We look forward to welcoming MDS’s clients and employees to GDT. We believe both parties will benefit from our expanded capabilities and scale, especially in segments like modern networking, security, and hybrid data center.”

“MDS brings a long list of strong customer relationships and deep capabilities in the collaboration and contact center space through its US- and India-based resources,” said Kyle Dziubinski, CEO of MDS. “I’m thrilled to bring the strength and breadth of capabilities of GDT to our existing customer base.”

About GDT

As a global IT solutions provider, GDT accelerates its clients’ digitalization and business goals by transforming and modernizing platforms, networks, and cybersecurity through industry-leading infrastructure solutions, deep expertise, and flexible service delivery models.

GDT has a 26-year heritage and a global workforce, including its Indian Technology Center in Bangalore. Partners consistently recognize GDT for expertise across its solution stack. GDT maintains over 450 certifications with the world’s best-known technology providers. GDT’s history, knowledge, and global reach provide the foundation for developing rich, sustainable services and solutions that push its people to the forefront of IT thought leadership and expertise.

Follow GDT on LinkedIn and visit www.GDT.com.

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