Endless acquires Evolutions TV

The firm's Enact fund, which closed in June 2019 on £30m, has taken a majority position. The fund makes investments of up to £5m in UK-headquartered businesses that face capital constraints, strategic challenges or operational issues.

Jim Campbell will step into the role of chairman, while Enact's Chris Cormack will hold the position of non-executive director. Evolutions CEO Simon Kanjee will continue to lead the business, alongside sales director Darren Musgrove, technical director Owen Tyler, and creative director Tim O'Brien.

Following the investment, the company will invest to support growth and enable Evolutions to expand its post-production capabilities, including a suite of services for remote working borne out of the production challenges caused by Covid-19, according to a statement.

Company
Based in London and Bristol, and founded in 2004, Evolutions TV provides post-production television services. It generated revenue of £12.6m in the year ending on 30 June 2018.

People
Endless – Chris Cormack (partner).

Advisers
Equity – Womble Bond Dickinson (legal); The Tax Advisory Partnership (tax).
Company – FRP, Tony Wright (corporate finance).

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