Carlyle-backed The Foundry secures SVB refinancing

The refinancing sees the company repay its outstanding mezzanine debt.

The Foundry initially agreed a debt package with SVB in 2010, the year before the company was acquired by Carlyle.

The lender then provided a senior debt facility to support Caryle's SBO of the company from Advent Venture Partners in 2011, a deal reportedly worth between £75-100m.

The following year The Foundry merged with US 3D software specialist Luxology, with SVB providing a new credit line to support the merger.

Company
Headquartered in London and founded in 1996, The Foundry is a provider of visual effects software for use in media production and design. Its clients include Pixar, Sony Pictures Imageworks, Walt Disney Animation and The Moving Picture Company. The business has a headcount of more than 300.

People
Bill Collis is CEO of The Foundry. Paul Jackson is managing director of corporate banking at SVB.

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