By Staff writer
Carlyle looking to exit from The Foundry, which worked on blockbusters such as Gravity and Guardians of the Galaxy
The Carlyle Group, the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, is looking to sell London-based movie special effects company The Foundry, which has worked on blockbusters such as Gravity and Guardians of the Galaxy, according to reports in the UK.
The Washington DC-based firm has appointed advisers Arma Partners to find new investors and is expected to earn £200 million ($313 million), marking a profit of around £125 million in just three years.
The Foundry is expected to employ around a hundred people in offices in the UK and US within the next year, the reports added.
Carlyle Group was founded in 1987. Abu Dhabi wealth fund Mubadala bought a 7.5 percent stake the company in 2007.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.