HgCapital Gets Creative in Acquisition of The Foundry
May 22, 2015
HgCapital has acquired The Foundry, a developer of software for artists, designers and creative professionals, from The Carlyle Group at an enterprise value of £200 million. The company's products are designed to help users create technical high-end visuals in the areas of media production, design and emerging markets such as 3D printing. Carlyle first backed The Foundry in 2011 through Carlyle Europe Technology Partners II, a top-performing 2008 vintage fund (see our Daily Benchmark); the company grew revenues by over 160% during the holding period.