YFM funds back Eikon Group as it aims to build Los Angeles studio
FUNDS ADVISED and managed by YFM Equity Partners, the specialist private equity fund manager, have backed an investment into Eikon Group, which provides digital post-production services for the film industry.
Eikon Group has technology facilities in Soho, London and Burbank, Los Angeles, offering digital mastering and localisation to the film, broadcast and online media industry.
The company’s clients include Paramount Pictures, Twentieth Century Fox, Sony Pictures Entertainment, Warner Bros, Universal Pictures, CBS and Netflix.
Recent EIKON work includes the worldwide localisation and mastering for the films and
YFM’s funds will be used to support the expansion into the US where a studio will be built in Burbank, Los Angeles as well as continued investment in the development of technology to enhance the service delivery to customers.
Colin Granger led the investment for YFM and will join the board at completion. Mr Granger, commented: “We are delighted to be working with Eikon and the management team to support the future expansion into the US and the continued investment in underlying software development.
“Management have done a fantastic job in growing the business to where it is today and we look forward to supporting them in the next chapter of growth.”
Peter Wright, co-founder and CEO of Eikon, added: “We are very excited about the future and growing the business alongside YFM.”