EIKON secures investment from YFM & AIB

Transaction Headlines

WK Corporate Finance ("WKCF") has advised the directors’ of digital post-production services company EIKON Group Limited (“EIKON”) on its development capital raise, funded by YFM Equity Partners (“YFM”) and Allied Irish Bank (“AIB”).

Business Overview

EIKON was founded in 2014 by Peter Wright (CEO), Richard Fish (Commercial Director), Rick Corne (Innovations Director), Jon Gardner (Operations Director) and Russell Wetherell (Creative Director).

EIKON have cutting edge technology facilities in Soho, London and Burbank, Los Angeles, offering digital mastering and localisation to the film, broadcast and online media industry. Clients include Paramount Pictures, Twentieth Century Fox, Sony Pictures Entertainment, Warner Bros, Universal Pictures, CBS and Netflix.

Now in their fifth year, EIKON have doubled revenues year on year and have grown from a staff of 6 to 100. Having recently finalised a lease on a new 20,000 square foot building in Los Angeles, growth is expected to continue at the same rate as the company develop current core business revenues and extend service offerings within the entertainment industry.

YFM’s funds will be used to support the expansion into the US where a new state of the art studio will be built in Burbank, Los Angeles as well as continued investment in the development of technology to enhance the service delivery to customers.

Recent EIKON work includes the worldwide localisation and mastering for titles “Peter Rabbit”, “Greatest Showman”, “Shape of Water”, “Three Billboards Outside Ebbing, Missouri”, “A Quiet Place”, ‘Red Sparrow”.

Perspectives

Commenting on the deal, Peter Wright (CEO, EIKON Group Limited) remarked: 

“Working with WKCF has enabled EIKON  to significantly speed up the development and delivery of a number of software tools being developed in-house. These will enhance and scale the solid systems base we already have in our marketplace, thereby further increasing our attractiveness to customers and providing access to new revenue streams.

A large part of our financing will be used to fit-out a new technical facility in Hollywood, increasing our existing physical floorspace 10-fold. EIKON's new facility will be the newest and most technically advanced digital facility in Hollywood, mirroring what we have today in Soho, London.

To help manage this ongoing rapid global expansion we have been recruiting some exceptional new members to compliment our existing team of 100 staff. These are very exciting times and I personally was delighted to be working with Dan and WKCF to deliver this. We were keen to work with WKCF as our corporate finance advisors as they understood our business from the first meeting, were excited about what we were doing and above all moved quickly to help us source a great financing package.”

Daniel Jonas (Associate Director, WK Corporate Finance) commented:

“I am delighted for Peter and his team. EIKON’s rapid growth to date has been nothing short of exceptional and their continued tech investment, along with the new state of the art facilities in LA, will no doubt see it continue the impressive growth trajectory”    

If you have any questions in relation to this deal or the sector, please contact: 

Daniel Jonas
Associate Director
WK Corporate Finance LLP

T: 020 7234 3403
E: 

Adam Hart
Assistant Manager
WK Corporate Finance LLP

T: 020 7234 3403
E: 

 

Contact Us


If you're looking to get in touch with us to discuss how we can help your business taking the next steps please don't hesitate to call us or drop us an email. Our offices contact details are available below.

London, UK - London Bridge Office

45 King William Street, London,
EC4R 9AN

Email: 
Tel: +44 (0) 20 7234 3403

Hampshire, UK - Winchester Office

Athenia House, 10-14 Andover Road
Winchester, SO23 7BS


Email: 
Tel: +44 (0) 1962 852 263

Kent, UK - Maidstone Office

Globe House, Eclipse Park, Sittingbourne Road
Maidstone Kent, ME14 3EN


Email: 
Tel: +44 (0) 1622 690 666

Connect With Us

WK Corporate Finance LLP

2018 © Copyright. All Rights Reserved.
WK Corporate Finance is a trading name of Baldwins Holdings Limited. Registered in England & Wales. Reg. No. 06365189

Allinial Global

Privacy Policy | T&Cs | Legal
Cookies | Login