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

Date

June 2017

Sectors

Digital media and content

Deal Type

Early stage VC

Our Role

Buy side

About Milk

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.

About BGF

Business Growth Fund (BGF) 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.

About the deal

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.

Our work

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

BGF

 

 

 

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