Film post production company Molinare has been sold in a pre-pack deal handled by Springfields working with legal advisers Kennedys.
The acquisition has been led by former owner, Steve Milne via his new venture British Film Company, in conjunction with private equity firm Next Wave Partners LLP.
Molinare is a film and broadcast post production facility in the heart ofLondon’s Soho, one of the world’s leading centres of pre and post production expertise that is a major contributor to the UK’s revenue from the creative arts. As one of the most respected names in the industry for over 40 years.
Molinare’s technical whizzes have provided state of the art input spanning Digital Intermediate, Visual Effects, Sound, Restoration, 2D to 3D Conversion, Animation, Library & Data Management Services, International Servicing and Post Production Project Management.
Molinare’s expertise has contributed to the success of many notable advertising, TV and cinema productions, including current cinema blockbusters, ‘Prometheus’ (Ridley Scott) and ‘The Angel’s Share’ (Ken Loach) and BBC TV legal drama, ‘Silk’.
Situl Raithatha, administrator said: “The sale of the Molinare business has delivered the best outcome for employees and customers alike.
“The purchase also included two leasehold premises and secures the future of a very well-known brand in London delivering specialist services to the film and broadcasting industry. Recent projects of note include work on the film, ‘The King’s Speech’ and BBC TV series, ‘Silent Witness.’”
The Birmingham office of solicitors Kennedys acted for the Administrator and the purchaser was advised by Davenport Lyons. Kennedys Business Recovery Partner, Steven Fennell added: “Time and expertise are everything when it comes to turning around such fast-moving, creative businesses.”