BTG secures sale of visual effects studio to consortium saving 200 Jobs

The Challenge

A visual effects studio with high-profile international clients faced severe financial distress following the 2023 SAG-AFTRA and WGA strikes which devastated film and episodic production schedules. The Group operated across multiple European offices employing over 200 staff on permanent and fixed-term contracts, but experienced significant liquidity shortfall by end of 2024 as strike disruption halted the production pipeline.

Our Approach

We delivered critical cash flow management extending the Group's financial runway whilst launching a targeted 12-week Special Situations M&A process engaging international trade consolidators, private equity funds, and high-net-worth individuals globally. Our deep VFX sector knowledge informed intensive stakeholder engagement and financial restructuring analysis, maintaining competitive tension amongst bidders whilst addressing concerns around strike impact and market recovery timing. We coordinated transaction delivery under tight time constraints across multiple European jurisdictions, enabling potential acquirers to understand the business's underlying strength and recovery potential.

The Outcome

We successfully sold the business to a consortium of high-net-worth investors to ensure ongoing business continuity and service delivery to clients. All 200 employees were transferred to the new company.