June 2017

BGF invests in Oscar winning VFX studio Milk to accelerate their growth strategy


Business Growth Fund is an independent private equity company with up to £2.5 billion in capital. The fund initially invests between £2m and £10m into privately owned and AIM-listed, profitable companies providing growth capital in the form of long-term equity investment.



Milk is an Academy and BAFTA award winning independent visual effects company with studios in London and Cardiff. The company creates innovative and complex sequences for high-end television and feature films including Doctor Who, Sherlock, The Martian, Ex-Machina and Les Miserables.



BGF invested an initial £2m in Milk Visual Effects to fund the expansion of its studios; invest in new technical equipment and R&D and hire the best industry talent. The deal significantly increases Milk’s capacity to work with the world’s leading feature film, high-end television and digital content producers such as Warner Bros., the BBC and Netflix.



We advised BGF on their investment into Milk by providing financial due diligence and advising on key deal structuring matters.


WY Partners provide financial insights together with a commercial overlay that helps to rise above the detail, and identify the key issues that need addressing. It is a pleasure to work with them.

Chris Hodges - Investor at BGF

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