YFM backs Eikon Group

The firm drew equity for the transaction from its co-investment vehicle YFM Equity Partners 2015 Co-investment LP alongside its two VCTs, British Smaller Companies VCT and British Smaller Companies VCT2.

YFM is limited to a maximum equity ticket size of £10m and invested the full amount in Eikon, Unquote understands.

The new investment will be used to support Eikon's expansion into the US with the installation of a new studio in Burbank, Los Angeles.

The firm will also continue to invest in software development.
Eikon has doubled its revenues in the past year and its workforce has grown from six to 100 since its foundation four years ago.

Colin Granger led the investment for YFM and will join the company's board at completion.

Senior debt for the company was arranged by John Tobin and Matthew Jennings at AIB.

Company
Eikon was founded in 2014 and is headquartered in Soho, London. The company provides digital post-production services to the film and TV industries. Its recent work includes the films Blade Runner 2049, Peter Rabbit, Greatest Showman, Shape of Water, Three Billboards Outside Ebbing Missouri, A Quiet Place and Red Sparrow. It employs 100 people.

People
YFM Equity Partners – Colin Granger (partner).
Eikon Group – Peter Wright (CEO).

Advisers
Equity – Osborne Clarke, Simon Jones (legal); RPL, Geoff Rampton (commercial due diligence); RSM, Rebecca Guerin, Maya Panova (financial due diligence).
Company – NOR Capital, Dane Phillips (corporate finance); WK Corporate Finance, Andy Coghlan, Daniel Jonas (corporate finance); 360 Law Services, Robert Taylor (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Media
• United Kingdom
• YFM Group