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Framestore sells minority stake to Asian investors

Framestore sells minority stake to Asian investors
News
Jake Bickerton
20 February 2014

Framestore has received investment from Malaysian investment group, All Asia Digital Content, which has snapped up a reported 30% stake in the company. The Evening Standard reported last night that Framestore was valued at around £45m, putting the figure All Asia Digital Content invested into Framestore at around £13.5m.

The Evening Standard also report Khazanah Nasional, the sovereign wealth fund of the Malaysian Government, and UT Group are the main backers behind the deal.

"Our choice of All Asia, which has a successful portfolio of investment in media and telecommunications companies, as our shareholder-partner, adds financial and strategic muscle to our plans," says Framestore CEO and co-founder William Sargent. "An important element of our choice was it gives us a strong SE Asia and Far East perspective, which we are very excited about."

So, it's fairly likely we'll soon see Framestore set up shop in Asia, supplementing its growing presence in London, LA, New York and Montreal. The profile of the vfx house has rocketed over the last year, especially with its award winning vfx work on Gravity putting it in the international spotlight.

The UK vfx industry has also been bolstered recently with the announcement that Disney's Industrial Light and Magic will soon be setting up a large vfx facility "just outside Soho." The vfx giant has been attracted by the UK's tax incentives and is planning a substantial sized facility for London, kicking off with around 200 employees, which will be "mostly UK-based talent".

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