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Harris Williams advises The Mill on sale to Technicolor

Harris Williams & Co has advised The Mill, a provider of moving image visual content for advertising, to Technicolor for GBP190 million. 

Harris Williams & Co. acted as the exclusive financial advisor to The Mill, a portfolio company of Equistone Partners Europe (Equistone). The transaction was led by Thierry Monjauze, Jonathan Organ and Mathew Tsui from Harris Williams & Co.’s Technology, Media & Telecom (TMT) Group in London.

“It has been a pleasure to work with the management team of The Mill for a second time,” says Thierry Monjauze (pictured), a managing director in the firm’s TMT Group. “The Mill has continued to demonstrate a track record of delivering creative excellence through the delivery of innovative digital content across the advertising sector. This transaction is a fantastic result for all parties including Technicolor, for whom this is a highly strategic acquisition, enabling them to draw upon The Mill’s expertise and to enhance its production services segment substantially.”

In announcing the transaction, Technicolor CEO Frederic Rose, says: “In acquiring The Mill, we are delivering on our Drive 2020 strategic objective of enhancing our market position in visual effects while improving profitability and revenue growth concurrently with accelerating deployment of emerging technologies such as virtual reality. In The Mill, we have found a company which aligns with our focus on excellence in talent, technology and operational performance. It is a perfect fit.”

The Mill is consistently recognised by its clients and peers around the globe as the premier provider of moving image visual content for advertising. Founded in 1990 in London, The Mill rapidly established a reputation as a leader in combining cutting edge technology with talented artistry and now counts the world’s top brands, directors and advertising agencies amongst its clients. It has grown to over 800 employees across its studios in London, New York, Los Angeles and Chicago and is also one of the most awarded firms in its field, notably winning five Lions at the Cannes festival of Creativity in 2015.

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