Barclays PE buys into Oscar-winning effects firm The Mill

Here’s a shocker, Barclays Private Equity now owns a majority stake in The Mill, the Oscar-winning studio behind several of the biggest commercials and movies of recent years.

Barclays Private Equity bought a majority stake in visual effects company The Mill, attracted by its exposure to the advertising market and rapidly growing emerging markets.

The stake, bought from U.S private equity firm Carlyle Group [CYL.UL], values Oscar-winning The Mill at 119 million pounds ($193.1 million), Barclays PE, part of Barclays Plc (BARC.L), said on Tuesday.

The co-founders are expected to remain after the deal, and I can’t find any details on exactly how much cash they laid out for this.  Anyone have the details?

via Barclays PE buys into Oscar-winning effects firm | Reuters.

This story written by Randall Hand

Randall Hand is a visualization scientist working for a federal research lab, aiding researchers to discover the insights buried within their terabyte datasets generated on some of the most powerful supercomputers in the world. He also runs VizWorld.com .