Visual effects firm Cinesite exploring £300m sale - report

London-based visual effects producer Cinesite, whose recent credits include the latest Bond film, is reportedly being groomed for a sale that could value it at more than £300m.

According to Sky News, Cinesite has hired Goldman Sachs to examine strategic options amid a glut of dealmaking in the sector. City sources told Sky that that an outright sale of the business was a likely outcome later this year.

Founded in Los Angeles in 1991 to work on a restoration of the classic Walt Disney film Snow White and the Seven Dwarfs, Cinesite has worked on recent Hollywood productions including No Time To Die and Spider-Man: No Way Home.

Previous projects include producing special effects for Game of Thrones and the Avengers series.

The company is minority-owned by Gryphion Capital Investments, which backed it in 2019 alongside new debt facilities from Barclays and NatWest. Management and employees are thought to also be shareholders in the business, Sky said.