Private Equity house, Key Capital Partners (KCP), has completed a minority investment into vfx and animation house, Jellyfish Pictures.

Jellyfish clients include Disney+, Netflix, DreamWorks, Apple TV, HBO, Sky, BBC and Amazon and it has worked on productions including three Star Wars films (Lucas Films), drama series including Black Mirror and The Book of Boba Fett and recently completing animated feature Spirit: Untamed and special How to Train Your Dragon: Homecoming for DreamWorks Animation.

KCP’s investment will help the global scaling of Jellyfish’s VFX and animation teams, and build the production of its original kids and family content through Jellyfish Originals.

Jellyfish has its HQ in Brixton with a further studio in Sheffield. The KCP deal will help the company grow to more than 600 staff in 2022.

CEO, Phil Dobree’s team will be added to with the appointment of Lynton Barker as Non-Executive Chairman and Philip Duquenoy of KCP as Non-Executive Director.

The investment was led for KCP by Philip Duquenoy, James Hall and Matt Tice.

Dobree commented: “We are delighted to have KCP on board for the next stage of Jellyfish’s ambitious journey. We have seen an unprecedented demand for our services over the last year and this investment allows us to accelerate the company’s growth, providing our clients and partners with the technical and creative resources to continue to bring compelling, award-winning work to the screen.”

Partner, Philip Duquenoy said: “this is an exciting time for the creative TV and film industry in the UK and we are thrilled to be working with such an innovative business to enable even greater growth.”

Legal advice was provided to KCP by Addleshaw Goddard, RSM provided financial and tax due diligence services and commercial due diligence was performed by FTI.

Jellyfish were advised by JEGI CLARITY and Waterfront.

Image courtesy of Jellyfish Pictures. Rogue One: A Star Wars Story © 2016 Lucasfilm Ltd

Jon Creamer

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