Foresight Group has made a GBP2.25 million growth capital investment in Cinelabs International on behalf of Foresight VCT.
Cinelabs is a leading post-production service provider to content creators and owners, with special expertise in film. Led by industry veterans Adrian Bull and John Mahtani, Cinelabs offers a full suite of services from film processing, scanning and distribution to digitisation, restoration and archive management of film and video content. The team’s reputation for quality and service draws customers from across the globe while the business experiences fast growth.
In the last 12 months the company has worked on a number of globally high-profile and award-winning film series, and high-budget commercials. Films in their portfolio also include Lost City of Z, Viceroy’s House and Untitled Paul Thomas Anderson Project. With the investment from Foresight, Cinelabs will look to expand its archive and restoration services, with current clients including the BFI, FIFA and ITV.
The business will use the funds to invest in specialist equipment and staff to further expand their service offering and increase their customer engagement. Foresight has introduced Darryl Newton, ex-CEO of Factory Media, a successful previous Foresight investee, as Chairman. Darryl will help the business create further value from both new and archive content.
Chris Wardle, Foresight Group, says: “We are excited to be working with John, Adrian and the team in further growing this brand that has a loyal following of major studios, independents and agencies. The business is known for its service levels and fast turn-around times, so is drawing significant attention in the market.]
“The number of critically-acclaimed films that Cinelabs have in their repertoire is testament to the quality of work they produce, and we’re confident that we can add commercial value, enabling them to continue to grow.”
Adrian Bull, Cinelabs International, says: “We are really excited to have the support of Foresight in accelerating the growth of Cinelabs, and will be looking to expand services in the UK and establish a greater international capability.”
John Mahtani, Cinelabs International, says: “Foresight have a thorough understanding of the media industry and will be a great partner as we continue to develop the Cinelabs brand.”
