Harris Williams & Co. Advises The Carlyle Group and The Mill on its Sale to Barclays Private Equity
Harris Williams & Co. Ltd, a global middle market investment bank, is pleased to announce the sale of The Mill, a portfolio company of The Carlyle Group, to Barclays Private Equity for £119 million. The transaction closed on April 18, 2011 and was led by Thierry Monjauze, Red Norrie, Francois Morin, Eric Logue and Bobby Virdi of the firm's London office.
"The Mill's creative excellence has led to a differentiated visual effects platform in the brand communications space, and the company has excellent global growth prospects. This attracted both strategic and private equity buyers from Asia, Europe, and the United States, and the transaction had a great outcome for all parties involved. Harris Williams & Co. is proud to have partnered with The Mill in evaluating strategic alternatives to continue to grow the business," said Thierry Monjauze, Managing Director and Head of Harris Williams & Co.'s European advisory practice.
Founded in 1990 in London, UK, The Mill creates award-winning video content for global brands and advertising agencies. The Mill's core business is providing high-end digital visual effects solutions for brand communication. As an established strategic partner to a broad range of advertising agency clients, The Mill has crafted many of the most memorable advertisements for brands such as Adidas, AT&T, Audi, Coca-Cola, DIRECTV, Ford, IBM, Nike, Unilever, and Verizon across its offices in London, New York and Los Angeles.
The Carlyle Group is a global alternative asset manager with $106.7 billion of assets under management committed to 84 funds as of December 31, 2010. Carlyle Europe Technology Partners (CETP) II is a €530 million fund that closed in November 2008. Since 2002, Carlyle's European Technology team has acquired and invested in 23 small and medium sized companies, supporting their growth, expansion and business transformation initiatives
Barclays Private Equity is one of Europe's leading investors in mid-market buyouts with a successful track record spanning over 25 years, with more than 350 transactions to its name, typically ranging in size from €50m to €300m. Established in 1979, Barclays Private Equity has raised over €5 billion of committed capital and has many of the world's leading investors amongst its investor base. It is currently investing the €2.45 billion Barclays Private Equity Fund III which closed in September 2007.