HG to sell Foundry to Roper Technologies for 410 mln pounds

Roper Technologies is buying Foundry, an HG portfolio company, for 410 million pounds ($544.5 million). Foundry provides high‑end visual effects and 3D design software for media & entertainment, visualisation and design-oriented industries. Arma Partners advised Foundry.


Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Foundry, a portfolio company of Hg, on its sale to Roper Technologies Inc. (NYSE:ROP), a diversified technology company, for £410 million.

Foundry is a leading provider of high‑end visual effects and 3D design software for Media & Entertainment, visualisation and design-oriented industries. It provides award-winning creative software for film post‑production visual effects with its Nuke product range and a series of complementary products. Foundry’s Digital Design products offer advanced 3D modelling, visualisation and design variation capabilities to designers and artists across a broad range of sectors including footwear and apparel. With Athera, Foundry is the first company to offer a fully cloud-based solution for the VFX industry with software, compute, storage and rendering capabilities. Foundry enables clients like Pixar, ILM, MPC, Walt Disney Animation and Weta Digital as well as automotive, footwear, apparel and technology companies such as Mercedes, New Balance, Adidas and Google to turn incredible ideas into reality by solving complex creative challenges.

Foundry was founded in 1996 and is headquartered in London, with offices in Manchester and Austin. It has more than 6,000 customers in over 100 countries and employs c.300 people.

This transaction demonstrates Arma Partners’ outstanding track record of building long-term client relationships as a trusted advisor and helping crystallise shareholder value, having advised Foundry on three occasions over the last decade, including the £77 million sale from Advent Venture Partners to The Carlyle Group in 2011 and the subsequent £200 million sale to Hg in 2015.

Further details on the transaction can be found at:www.armapartners.com/deals