Foresight portfolio company Cinelab London acquires On Set Tech
08/04/2021 - 10:26am
Foresight Group (Foresight) portfolio company Cinelab London, a leading UK post-production company, has acquired On Set Tech, one of the UKs most reputable digital imaging and dailies service providers.
This marks the 55th transaction made by Foresights private equity team in the last twelve months, making Foresight one of the most active UK SME investors in the market and a key provider of essential financial support throughout the Covid-19 pandemic.
The UK film and high entertainment television production industry is seeing a robust bounce-back from the Covid-19 lockdowns, with the last quarter in 2020 delivering the second highest quarterly spend. With fresh capital from Netflix, Disney and Amazon being invested to open and expand film production studios in and around London, the outlook for the UKs film and TV production industry is very positive and Cinelab London is well positioned to meet this growing demand. In addition to its current services, providing a range of post-production services for media shot both on film and digital media, the Company will now also offer digital imaging services including digital dailies, colour and workflow support. The two businesses have collaborated closely for a number of years and have already completed multiple complex and rewarding projects. This includes the feature biopic on Sir Elton John - 'Rocketman, Edgar Wright's highly anticipated psychological horror 'Last Night in Soho', Prano Bailey-Bond's British horror film 'Censor and Will Sharpes historical drama 'The Electrical Life of Louis Wain.