UK-based private equity firm Endless LLP has acquired Cinesite from Kodak for an undisclosed amount. The deal will maintain Cinesite’s existing management team, supported by its new investment backer.
The transaction will give Cinesite the resources and stability to fulfill a long-standing desire to expand the company into new territories, diversify its services and expand its global position in the media and entertainment industry.
“I feel that we are moving Cinesite into a new era,” said Antony Hunt, managing director of Cinesite. “The partnership with Endless LLP is a great strategic move for both parties and we’re delighted to have their support and investment behind us. We have an extremely innovative and creative team who deliver cutting-edge visual effects for the media and entertainment industry, and we’re now keen to take the Cinesite brand into new territories and expand our digital visual effects services. This sale will give us the opportunity we need to grow our talented team to ensure we remain at the forefront of the visual effects industry for many years.”
Cinesite is currently working on the 23rd installment in the James Bond franchise, Skyfall, and Paramount Pictures’ zombie epic starring Brad Pitt, World War Z. The company recently completed work on Pirates of the Caribbean: On Stranger Tides (Disney/Bruckheimer), John Carter (Disney), X-Men: First Class (Twentieth Century Fox) and Harry Potter and the Deathly Hallows Part 2 (Warner Bros).
“Cinesite is one of the world’s most respected visual effects companies,” said Garry Wilson, managing partner at Endless LLP. “We were truly impressed by the potential of their creative talent, breadth of blockbuster films and television shows they have been involved in, and their BAFTA, Emmy and Oscar-winning work. We’re excited to be helping Cinesite with its next stage of growth and are convinced our partnership will help them continue to expand their long-standing and successful global brand.”