The Mill sold to Barclays Private Equity
Visual effects specialist The Mill has been sold to Barclays Private Equity in a deal valuing the London company at £119m.
Provider of digital visual effects for ad campaigns including Nike’s “Write the Future”, The Mill has been sold by US private equity firm the Carlyle Group in a deal which sees senior management team Robin Shenfield and Pat Joseph remain at company with a continued substantial stake in the business.
The Barclays Private Equity funding will be used to support The Mill’s growth in Los Angeles and expansion in emerging markets including Asia and South America.
Chief executive and co-founder Shenfield explained: “With the support of Barclays Private Equity we will be able to continue our expansion into these high growth areas and expand geographically into exciting new territories such as China, India and Brazil.”