The Foundry, a leading provider of award-winning creative software, announced a majority investment from HgCapital, one of the United Kingdom’s most prestigious private equity firms.
The Foundry will sit within the Technology, Media & Telecommunications sector of HgCapital. Under the terms of the deal, HgCapital will assume majority ownership from The Carlyle Group for an enterprise value of £200 million ($312 million USD).
“With this deal, we remain one of the few independent companies solely focused on creative industries,” said Bill Collis, chief executive officer, The Foundry. “This lets us pursue our best-in-class strategy, prioritizing research and innovation; and teaming with other companies to create powerful collective solutions.”