Hogan Lovells Advises on Financing for Acquisition of Visual Effects Specialist The Mill
03 May 2011
LONDON, 3 May 2011 - Hogan Lovells has advised Bank of Ireland, GE Capital & Lloyds TSB as mandated lead arrangers of the financing for the £119m acquisition by Barclays Private Equity of award-winning video effects specialist The Mill from Carlyle.
Based in London, New York and LA., The Mill provides digital visual effects for advertisements made for television, the internet, outdoor advertising screens and mobile devices for major brands including Nike, Ford, T-Mobile, Sony, Adidas, Lynx and Barclaycard. The Mill also works for broadcasters and television production companies such as the BBC, Shine and Impossible Pictures on dramas including Doctor Who, Merlin and Primeval and for games developers and publishers including Sony Computer Entertainment and EA.
The Hogan Lovells team advising on the financing was led by Finance partner Stuart Brinkworth, assisted by associate Tom Richards. The team also included New York finance partner Russell DaSilva and corporate partner Philip Watkins.
Commenting on the transaction, Stuart Brinkworth said:
"We were extremely pleased to have been selected by the banks for this transaction. In what remains a highly competitive market for private equity auctions, we were pleased that we were able to assist Barclays Private Equity and its lenders in delivering a knock-out bid on such an aggressive timetable."
Barclays Private Equity were advised by Clifford Chance LLP (David Walker & James Butters).
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