YFM Equity Partners has invested in Outpost VFX, a UK-headquartered film and TV visual effects company. Outpost hopes the investment will enable it to develop its infrastructure, company culture and proprietary platforms. The investment also coincides with the appointment of Robin Shenfield to the board as chair.
Duncan McWilliam, founder and CEO of Outpost VFX, said,“While it has been a very difficult year for film and episodic markets across the globe, demand for exceptional quality visual entertainment has never been higher and competition for market share between the streamers is driving rapid growth. YFM’s investment is a reflection of the strong market fundamentals in the visual effects sector which is set for unprecedented expansion in 2021/22, and the unique qualities in Outpost’s vision for the coming years.”
McWilliam continued, “YFM is more than a financial backer to Outpost. With its significant market experience in the film and post-production sectors, YFM brings a wealth of experience that marries perfectly with our growth strategy. Its track record of success in this field alongside its talent network provides Outpost with enhanced opportunities to develop as an intelligent and creative business. Both Outpost and YFM share the same core cultural values, a unified vision that will undoubtedly aid in building a diverse and ethical company.”
The YFM team comprised Adam Hart and Paul Cannings. Jon Gill and Dan Whitewood of TLT LLP provided legal advice and due diligence; Paul Read and Andrew Reid of HMT LLP led financial due diligence; Geoff Rampton and Suzy Urch of RP Advisory provided commercial due diligence; and Richard Joyce and Ruth Brunskill of Grant Thornton led technical due diligence. Organizational due diligence was handled by Anna Cornwallis of Stratton HR; insurance due diligence by Jonathan Harrison of Aon; and VCT advice came from Philip Hare and Gareth Hewins of Philip Hare & Associates.
The company was advised by Susan Cowan of Lester Aldridge.