Avengers: Endgame and Game Of Thrones VFX firm Cinesite has secured investment from Gryphion Capital Investments and new banking facilities from Barclays and NatWest which amount to $112M.
Barclays and NatWest will initially provide Cinesite with up to $52M for general funding and revolving credit facilities. The indie group has a further $20M in future flexible facilities to deal with potential acquisitions or expansion, and in parallel, Gryphion Capital Investments has taken a minority equity position in the company. Additional terms were not disclosed.
The company said the plan is for further growth through “new partnerships and collaborations with leading studios and filmmakers” and “to continue to win market share”. Cinesite Group CEO, Antony Hunt, and the senior team will continue to lead the business from London.
Headquartered in London, the Cinesite Group also operates facilities in Berlin, Montreal, Munich & Vancouver. Recent projects include MGM’s The Addams Family, Paramount’s Rocketman,...
Barclays and NatWest will initially provide Cinesite with up to $52M for general funding and revolving credit facilities. The indie group has a further $20M in future flexible facilities to deal with potential acquisitions or expansion, and in parallel, Gryphion Capital Investments has taken a minority equity position in the company. Additional terms were not disclosed.
The company said the plan is for further growth through “new partnerships and collaborations with leading studios and filmmakers” and “to continue to win market share”. Cinesite Group CEO, Antony Hunt, and the senior team will continue to lead the business from London.
Headquartered in London, the Cinesite Group also operates facilities in Berlin, Montreal, Munich & Vancouver. Recent projects include MGM’s The Addams Family, Paramount’s Rocketman,...
- 12/16/2019
- by Andreas Wiseman
- Deadline Film + TV
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