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The Foundry for sale

The Sunday Times / The Foundry Forum 2014-12-16 15:20 article  > All
| 0

Carlyle Group, appointed advisers Arma Partners to find new investors. Carlyle bought the Foundry in 2011, and is said to be keen to realise its investment in the middle of next year.

Following The Sunday Times "The Foundry, which has worked on many other Hollywood films including Tim Burton’s Alice in Wonderland, is set to change hands in the new year".

This was also confirmed by Brad Peebler, (man behind MODO, founder of Luxology, the company that merged with The Foundry in September 2012). He has written a post on the Foundry Community Forum today:

OK  so what about the news that Carlyle is going to sell The Foundry? Point of fact is that this is what private equity does and so it is natural for us all to assume that one day Carlyle will sell their shares. Did you know The Foundry has been sold before? A couple times actually and each time it has gotten bigger and stronger. What does that mean for the future? Even I can’t say.

Read the thread on The Foundry Community Forum.

 

Author: The Sunday Times / The Foundry Forum Editor: Michał Franczak
| 0
Tags: sale foundry
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