Prime 100 UK regulation agency, Hugh James, has suggested the Cardiff-based TV and movie set design and construct firm, 4Wood, on the administration buyout of the enterprise.
Below the £9m MBO deal, personal fairness agency Connection Capital has invested £6.4 million to assist drive the expansion of the enterprise. Connection Capital’s Government Chairman, Chris Higgs and Non-Government Director, Travis Baxter, with backgrounds within the TV and movie manufacturing and media sectors, will be part of the board.
Company Companion and Head of the Hugh James Business Crew, Aled Walters and his workforce, offered recommendation to the founders of 4Wood on all authorized features of the deal. His workforce has a powerful observe file in supporting the media and leisure business on a variety of authorized transactions, which has included not too long ago advising Wildflame Productions Restricted on its high-profile co-production “Vikings” with Smithsonian. The workforce additionally continues to advise Songs of Reward producer, Afanti, on a variety of issues, and has not too long ago been appointed by ITV to approve sure programme content material for a brand new manufacturing.
Established in 2005, 4Wood produces high-quality surroundings for all kinds of media and is claimed to have an 85 per cent share of the TV and movie set manufacturing market in South Wales. Boasting sturdy relationships with the three principal studios there, its latest work contains high-profile productions like His Darkish Supplies (BBC/HBO), Intercourse Schooling (Netflix), Physician Who (BBC), A Courageous New World (Common), A Discovery of Witches (Sky) and Willow (Disney – premiering later this yr).
Commenting on the deal, Company Companion, and Head of the Hugh James Business Crew, Aled Walters stated at the moment:
4Wood has loved a speedy interval of progress and is on the forefront of the UK’s burgeoning TV and movie business. It has been a pleasure supporting its founders in securing the backing of Connection Capital, which is able to assist to propel it even additional ahead on this thrilling trajectory. I stay up for seeing what’s subsequent for the enterprise because it continues to understand its imaginative and prescient each in Wales and past.
Hugh James has not too long ago strengthened its experience within the media and leisure sector, with the arrival of Ilan Jones. He joins the workforce, after three years as in-house counsel at Welsh broadcaster, S4C. Ilan’s work will concentrate on advising media corporations on all features of economic regulation, together with particularly programme compliance issues.
The agency, which is headquartered in Cardiff, has sturdy hyperlinks with the media business and not too long ago sponsored the inaugural Wales Display Summit and the annual BAFTA Cymru Awards.
Talking in regards to the deal, 4Wood Founder, Lynsey Fisher, stated:
We’re extremely grateful to Aled and your complete workforce at Hugh James. They guided us step-by-step by your complete course of and have been all the time readily available to supply recommendation and help. Their experience and professionalism have been second to none.
The administration buyout was awarded Insider Media’s ‘deal of the month’ for July 2022.
