FF&P Private Equity Invests in Sohonet

FF&P Private Equity, the private equity business of Fleming Family & Partners, has invested in Sohonet, a global expert in connectivity and data management for the media and entertainment industry. Sohonet has offices in the UK, Los Angeles and Sydney.

PRESS RELEASE

FF&P Private Equity, the private equity business of Fleming Family & Partners, has invested in Sohonet, the leading global expert in connectivity and data management for the media and entertainment industry. Sohonet offers an extensive range of services backed up by unrivalled support and expertise to enable pan-global collaboration within the media community. It has offices in the UK, Los Angeles and Sydney.

FF&P PE will become the largest single minority shareholder, with the remaining shares being held by the management team and angel investors from the management team buyout in 2003. The commercial terms of the investment are not being made public.

The new capital investment by FF&P will allow the company to develop further the international expansion of the existing Sohonet Media Network through increasing the number of network locations, in conjunction with the launch of integrated and flexible hosted data storage and remote computing services for Sohonet Media Network participants.

The switch from physical film to digital recording and the demand for higher resolution HD and 3D video formats in the entertainment and media sector is driving an exponential growth in data volumes. As the market leader in the sector, Sohonet is the supplier of choice for independent connectivity and data workflow management for the major film studios, post-production houses and distribution platforms. The Sohonet Media Network provides a high-speed, end-to-end secure data delivery solution, removing the costly and time consuming physical or unreliable internet transportation of media content between multiple industry participants across the globe, helping to facilitate global collaboration in the media industry.

David Barbour, Co-Head and Director of FF&P Private Equity, said “Over the last ten years the management has built a profitable business and created the world’s largest independent media network looking after the data management needs of the media and entertainment industry. Additional growth capital will enable the team to deliver its growth strategy. A particular strength of the business is its ability to sit at the centre of a collaborative network of customers and we look forward to helping the network expand further internationally in the coming years.”

Dave Scammell, CEO of Sohonet commented, “I am very excited to be able to announce this investment, and believe FF&P are the perfect partner to help us to take Sohonet to the next level. Sohonet’s customer proposition is market-leading and this investment will support our rapid roll-out to new territories, as well as allow us to respond better to the increasing client demand both internationally and within our existing core markets”.

Llewellyn John and Henry Ropner of FF&P have joined the board of Sohonet at completion of the investment.

FF&P was advised on the transaction by Speechly Bircham and RSM Tenon. Sohonet was advised by MediaBridge Capital Advisors and Dundas & Wilson.

ENDS

For further information, please contact:

For FF&P PE: Cubitt Consulting
Michael Henman +44 (0)20 7367 5100

For Sohonet:
Laurena McKenna +44 (0)20 7292 6900

About FF&P Private Equity:

FF&P Private Equity is focused on investing in dynamic, growth companies in the UK lower-to-mid market. It invests between £3m – £15m in companies valued from £5m to £50m in a variety of situations including minority investments, management buyouts / buy-ins, development and replacement capital. Through its extensive network of contacts and working in partnership with its investors and portfolio companies, it aims to create market-leading companies that deliver superior returns to all shareholders.

FF&P Private Equity Limited is regulated and authorised by the Financial Services Authority.

About Sohonet:
Sohonet is the only global expert in connectivity and data management services for the media and entertainment industry. With over 15 years experience, Sohonet offers an extensive range of solutions backed up by unrivalled technical support to enable clients to manage and transfer valuable and critical content quickly, securely and effectively. Our Sohonet Media Network is the largest and most established private, high-performance network for the media industry connecting the leading studios, production and post-production facilities across the globe.
Sohonet provides site-wide connectivity for the world’s leading film and television studios, such as Pinewood Studios, Leavesden Studios, Shepperton Studios, 3 Mills Studios, Lantana Studios Complex (Los Angeles), Fox Studios, NBC Universal and Warner Roadshow Studios (Brisbane).
Sohonet continues to forge strong partnerships within the broadcast and film industry, supporting organizations such as the British Film Institute (BFI), SIGGRAPH, VFX Awards and the Director’s Guild Trust and Director’s Guild of Great Britain. Its QC Solution plays an integral part in the complicated submission process for both the VFX Awards and SIGGRAPH Awards for the past four years.

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