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The Mill prepares to buy back 3i's stake.(Long Acre Partners)(contracts)(3i Group PLC)(Brief article)

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| August 04, 2006 | COPYRIGHT 2006 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The London-based post-production company The Mill has appointed the investment bank Long Acre Partners as it prepares for a potential secondary buyout or initial public offer.

The visual effects outfit is looking to end its relationship with the venture capital company 3i, which has owned a significant stake in the company since it backed its management buyout in February 2001. The Mill's co-founders, Robin Shenfield, Pat Joseph and James Morris, will remain majority shareholders in any deal, which will include the company's content management and delivery business, Beam.tv.

In The Mill's 2001 management buyout, the rock group U2 and Shepperton Holdings, which owned 35 and 40 per cent of the company ...

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