March 20, 2013
/PRNewswire/ -- AID Partners Capital Limited ("AID Partners"); a private equity firm focused on expansion capital and buyout opportunities primarily in the media and entertainment sector; has made an investment that values Prime Focus World, NV ("PFW"); the creative services business of Prime Focus Limited ("Prime Focus", BSE code: 532748); at
USD 250 million
based private equity firm has made an equity investment of
USD 10 million
"We have accomplished a great deal in the five years since we founded PFW. We've broken into
, built direct relationships with major studios, consistently delivered superior work all while generating a revenue growth with a CAGR of over 68%. Today it is heartening to see a discerning investor like AID Partners find such worth in our company." said
, Founder, Prime Focus and Chairman & CEO, Prime Focus World N.V.
The investment further validates strong investor interest in Prime Focus and the huge potential that exists in unlocking value in its subsidiaries. In
, Standard Chartered Private Equity invested
USD 70 million
in Prime Focus Limited.
"From the initial investment of
in 2008, the business has grown five-fold. This is indeed great news for our shareholders as we fuel our next wave of growth." added
Coupled with AID's recent acquisition of a 100% stake in HMV Asia and its investment in Legendary Pictures (
's leading media company behind such films as
franchise) the PFW investment further underscores AID Partners' in-depth knowledge of and commitment to the growth of the entertainment industry in
"3D and VFX are now key elements of big budget films. With the increasing budgets of
's tentpole movies, there is a tremendous demand for world-class 3D and VFX services in
, Principal Partner at AID Partners.
According to the Chinese State Administration of Radio, Film and Television,
's 2012 box office receipts increased 30%; in majority part due to imported films; ranking
as the world's second-largest box office next to the US (surpassing
). PCR is also the largest 3D market outside of
the United States
, encouraging the government to relax import restrictions that now allow an additional 14 foreign films to be distributed in
provided they are in 3D or large format.
"With China's rapid economic growth and the population's desire to enjoy an increasingly better lifestyle, we look forward to working together with Prime Focus to improve the quality of film content produced for the
region and to enable further growth in the entertainment industry." concluded Mr. Wu.
About Prime Focus Limited
Prime Focus Limited, PFW's parent company, is a global leader in media and entertainment industry services, employing over 4,500 professionals in 19 facilities across 3 continents and 4 time zones. We provide end-to-end creative and technical services including visual effects, stereo 3D conversion, and animation through our subsidiary PFW, as well as video/audio post-production, Digital Intermediate, equipment rental, digital content management and distribution, versioning and adaptation to the Film, Broadcast, Advertising and Media industries. Leveraging our Global Digital Pipeline and pioneering delivery model we partner content creators at every stage of the process ensuring work flow efficiencies, cost optimization and creative enablement. Listed on the BSE and NSE of
, Prime Focus has operations in
About Prime Focus World N.V.