Berwin Leighton Paisner (BLP) has advised client Technicolor on its acquisition of London-based The Mill, the world’s largest visual effects (VFX) and content creation studio for the advertising industry, for €259 million on a debt-free basis.

Founded in 1990, the Mill is consistently recognised by peers and clients as a premier visual effects provider for both advertising agencies and brands, and has won more than 1,000 industry awards including for its VFX on the film Gladiator. It has operations in the key markets of London, New York, Los Angeles and Chicago.

BLP Corporate Finance partner Adam Bogdanor commented “We were delighted to act for Technicolor on such an important and innovative acquisition.”

The BLP team was led by Corporate Finance partner Adam Bogdanor, assisted by associates Matt Oliver and Alastair Zucker and supported by a multi-disciplinary team.