Langham Capital advises on transformational UK-India post-production deal
26th July 2006
Langham Capital has acted as advisor to Clear (Post Production) Limited in its sale to VTR plc, the UK subsidiary of Prime Focus Limited, the recently listed Indian post-production company. Clear is a London-based award-winning digital visual effects and CG animation studio, catering for the advertising, music video, feature film and broadcast industries.
From its conception in 1994, Clear has grown with the ever-increasing demand for high-end special effects across broadcast media. In 2005, Clear underwent an operator-led management buy-out, making it one of the few London post companies run exclusively by its creative staff.
There was much logic in Clear merging into VTR as this enables Clear to bring the full range of post-production services to their client base. Clear first met with Prime Focus in 2005 and the logic of a Soho-India tie up was immediately obvious. An offering where UK and international clients interact with market-recognised London creative, but backed by the scale and resources of Prime Focus three-site Mumbai offering is a first of its kind and is likely to have a transformation effect on the global post industry.Though a small transaction, the leverage that Clear will bring to VTR and Prime Focus is considerable.
Langham Capital is very excited to have advised the Clear team in this transaction. It expands the activity we have made our niche from the main sectors in which we have operated IT services & software and business process outsourcing into the media sector and pushes the boundary of the work done offshore in India one step further by being in a creative industry.
