Molinare TV & Film has added Saphir Capital Partners to its growing list of investors through an undisclosed funding round.
Saphir joins the likes of Next Wave Partners, Steve Milne, Julie Parmenter and the British Film Company as invested partners.
London-based Molinare was set up in 1973 and is focused on factual and drama for broadcast as well as feature film. The company provides digital intermediate, visual effects, sound, reservation and 3D services and has credits including The King’s Speech, Prometheus and MasterChef.
Steve Milne, executive chairman at Molinare, comments, ‘In its 40th years Molinare has matured gracefully and is now in great shape.
‘It’s been quite a journey but we love what we do. Older, wiser and with great infrastructure and powerful backers in place, the company is now working with some of the very best creatives in the UK today and that’s exciting.’
Back in June 2012, Next Wave Partners completed the acquisition of Molinare for an undisclosed amount, adding the business to a portfolio which includes sustainable packaging manufacturer Petainer, postal operator Secured Mail and market research group SPA Future Thinking.
Commenting on the new investment from Saphir, John Penning, managing director of Saphir, says, ‘We are delighted to be investing alongside Next Wave, British Film Company, Steve and Julie, in a business with a strong and substantial growth potential.
‘We are particularly pleased to be working with co-investors and entrepreneurs who share our vision on how to build a successful business for the long term.’
As part of the deal, Saphir partner George Pennock will be joining the board of Molinare as a non-executive director. Saphir is an independent private equity house with offices in Luxembourg, London and Hong Kong, owned by its partners.