Outpost VFX, a fast-growing UK-headquartered film and TV visual effects company, has secured a multi-million-pound investment from funds managed by YFM Equity Partners (YFM) which will enable it to develop its infrastructure, company culture and proprietary platforms, as well as providing a solid base for further international growth across its four international locations.
Outpost VFX was set up in 2013. Headquartered in Bournemouth, it now also has operations in Montréal and London as well having recently opened a new studio in Los Angeles, enabling it to scale to hundreds of artists worldwide. The VFX house partners with global streaming platforms such as Netflix, Amazon, and Apple, and with major Hollywood studios including Universal. Recent high-profile projects include News of the World, The Alienist: Angel of Darkness and Watchmen.
The funding from YFM will help to accelerate the incorporation of machine learning within Outpost’s production management IP, further develop its training and career pathways IP and build out a unique global IT architecture.
The investment coincides with the appointment of Robin Shenfield to the board as chair. With decades of experience at the forefront of visual effects, Shenfield co-founded The Mill in 1990 which he successfully grew to over 1,100 employees working across the US, UK and Germany. In his time as CEO at The Mill, Shenfield attracted several rounds of private equity investment before eventually overseeing its £190m acquisition by Technicolor in 2015.
Shenfield will leverage his vast experience in the creative sector to support Outpost as it pursues a sustainable growth strategy for 2021, beginning with its expansion into Los Angeles.
Duncan McWilliam, founder and CEO of Outpost VFX, said: “Our ambition has always been to create exceptional visual effects to support our clients’ needs whilst endeavouring to create a better work/life balance for our employees and pursuing a progressive culture.
“This investment allows us to take our mission further and faster, leveraging technology advances across our four international studios, building upon our forward-thinking employee culture and investing in our talent across the board.
“While it has been a very difficult year for film and episodic markets across the globe, demand for exceptional quality visual entertainment has never been higher and competition for market share between the streamers is driving rapid growth. YFM’s investment is a reflection of the strong market fundamentals in the visual effects sector which is set for unprecedented expansion in 2021/22, and the unique qualities in Outpost’s vision for the coming years.”