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Prime Focus Ltd's Prime Focus World, N.V Secures INR3.13 Billion Equity Investment At Enterprise Value Of INR17.7 Billion


Friday, 21 Jun 2013 03:26am EDT 

Prime Focus World, N.V, the creative services division of Prime Focus Ltd announced that it has secured a INR3.13 billion equity investment. The investment will be deployed in two phases: INR2.24 billion committed in the first phase signed and INR890 million in a second transactional phase, both of which are designated for strategic growth. This investment now places an enterprise valuation of INR17.7 billion on Prime Focus World. The capital raised will be used for the build out of the global creative services platform, near-term strategic acquisitions and deleveraging debt in the parent company, Prime Focus Limited, with the combined emphasis of expanding PFW's position as a global providing visual effects, animation, and stereo 3D conversion services to studios and filmmakers around the world. Macquarie Capital, the advisory, capital raising and principal investing arm of Macquarie Group made the investment to Prime Focus World and provided advisory services to PFW's parent company, Prime Focus Limited. In addition to the funding from Macquarie, Prime Focus World also secured $10 million from China‚Äôs AID Partners in March. Coupled with a recent investment of $70 million from Standard Chartered Private Equity in Prime Focus Limited (PFL), these investments illustrate strong confidence in the business strategy and growth prospects for the overall group. 

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