Prime Focus secures Rs 313 crore equity investment

21 Jun 2013 Evaluate

Prime Focus's (PFL) creative services division, Prime Focus World, N.V. (PFW), has secured Rs 313 crore equity investment. The investment will be deployed in two phases, Rs 224 crore committed in the first phase and Rs 89 crore in a second transactional phase, both of which are designated for strategic growth. This investment now places an enterprise valuation of Rs 1770 crore on Prime Focus World.

Macquarie Capital, the advisory, capital raising and principal investing arm of Macquarie Group has not only made the investment to Prime Focus World but also provided advisory services to PFW's parent company, Prime Focus.

In addition to the funding, Prime Focus World also secured $10 million from China’s AID Partners in March, coupled with a recent investment of $70 million from Standard Chartered Private Equity in Prime Focus.

The capital raised will be used for the build out of the global creative services platform, near-term strategic acquisitions and deleveraging debt in the parent company, Prime Focus, with the combined emphasis of expanding PFW's position as a global leader providing visual effects, animation, and stereo '3D' conversion services to major studios and filmmakers around the world.

Prime Focus Share Price

133.30 4.95 (3.86%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
PVR 1381.80
Saregama India 497.65
Eros Internatl.Media 15.13
Shemaroo Entertain. 160.10
Balaji Telefilms 79.92
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