Deal Closed | Deluxe Entertainment Services Group Inc. | Acquisition of Creative Business by BidCo

Announcement Date: 04-Nov-2020 

Completion Date: 03-Nov-2020 

Name of Client: Deluxe Entertainment Services Group Inc. 

Buyer and Investor Details: Framestore Limited | United Kingdom | Buyer  

Framestore is an Oscar-winning creative studio that uses innovative talent and technology to create high-end images for every platform. 

Aleph Capital Partners LLP | United Kingdom | Investor  

Aleph Capital is a long-term oriented investment firm that invests in mid-sized companies headquartered in Europe with ambitious management teams who can grow their businesses drive execution and manage risk and allocate capital responsibly. 

Crestview Partners | USA | Investor: Founded in 2004 Crestview Partners is a New York-based private equity firm focused on the middle market. 

Seller Details: Deluxe Entertainment Services, Inc. | USA  

Deluxe Creative Services Group is one of the world’s leading image creation to finishing companies. Through unmatched scale, experience, expertise, technology and capabilities, it partners with the world's leading content creators, broadcasters, OTTs and agencies. 

Deal Description: Acquisition of creative business of Deluxe Entertainment Services, Inc. by BidCo set up by Framestone Limited, Aleph Capital Partners LLP and Crestview Partners. 

Total Consideration: Confidential 

Team Members 

The core team consisted of Ashwin Bishnoi (Partner), Monika Srivastava (Partner), Ritu Shaktawat (Partner), Nimisha Trehan (Principal Associate), Sneh Shah (Senior Associate) and Deeksha Agarwalla (Associate). 

Role of Firm 

Khaitan and Co provided structuring advice for the transaction from an Indian law perspective. Reviewing and advising on the global purchase agreement from an Indian law perspective. 

Other legal advisors if any with names of Lead Lawyers 

Seller’s Advisors: Stroock & Stroock & Lavan LLP (New York) 

Buyer's Advisors: Weil, Gotshal & Manges LLP (London, California), Cyril Amarchand Mangaldas (India)