LOS
ANGELES, Aug. 30, 2024 /PRNewswire/ -- Crafty Apes,
a full-service visual effects powerhouse with eight global studios
in New York, Atlanta, Los
Angeles, Canada and
London, among others, received a
strategic investment from a consortium of institutional investors
led by investment funds managed by Morgan Stanley Investment
Management and Camberline Capital Management.
Crafty Apes LLC Receives Strategic
Investment
The investment focuses on Crafty Apes' strategic
growth in the areas of global facility expansion, increasing
headcount in key markets, and production infrastructure. The
strategy and capital investment were developed in close partnership
with the Crafty Apes board and executive leadership team, including
the original founders and the company's officers. The capital is
designed to strengthen operations, ensure long-term growth, and
enhance service offerings in response to the evolving needs of the
entertainment industry.
CEO Alana Newell
commented on the investment: "Our investors are global leaders in
strategic investment, and we are thrilled that this partnership
will enable Crafty Apes to be where our clients need us most while
strengthening our existing teams and infrastructure across
North America and Europe. As the industry begins to recover from
recent challenges, content creation is beginning to crescendo
again, and we will continue to serve the creative needs of our
clients as the industry picks up globally. This investment is a
testament to Crafty Apes' resilient business model and our
commitment to navigating industry challenges with strength and
agility."
Jonathan Spivak,
Managing Director at Morgan Stanley Investment Management, said:
"We believe Crafty Apes has a reputation for delivering top-tier
digital work on many of the most well-known IP's. As we have
watched and worked with management for several years, our
confidence in the team has only strengthened with their navigation
of the business during the industry's recent strikes." Jens Ernberg, Managing Partner at Camberline
Capital Management added: "We look forward to continuing to support
the management team as they capitalize on the entertainment
sector's recovery and participating in Crafty Apes' long-term
success."
About Crafty Apes
Crafty Apes is a
full-service visual effects company with studios in Los Angeles, Atlanta, Vancouver, Montreal, London, Albuquerque, New York, and Louisiana. Founded by Chris LeDoux,
Jason Sanford and Tim LeDoux, Crafty Apes has a talented roster of
creative and production supervisors that offer a full suite of VFX
services, including set supervision, VFX consultation, 2D and 3D
compositing, digital cosmetics, machine learning solutions and CG
imagery. Crafty Apes' work can be seen on such titles as La La
Land, Spider-Man: No Way Home; Hidden Figures,
Justice League: Snyder Cut; The
Holdovers and The Boys. For more information, visit
www.craftyapes.com.
About Morgan Stanley Investment
Management
Morgan Stanley Investment Management, together
with its investment advisory affiliates, has more than 1,300
investment professionals around the world and $1.5 trillion in assets under management or
supervision as of June 30, 2024.
Morgan Stanley Investment Management strives to provide outstanding
long-term investment performance, service and a comprehensive suite
of investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide.
For further information about Morgan Stanley
Investment Management, please visit www.morganstanley.com/im.
About Camberline Capital
Management
Camberline Capital Management is an independent
asset management firm that partners with management teams and
company owners to deliver private capital solutions that support
the successful execution on their strategic ambitions. The
Camberline team draws upon over 80 years of collective investing
experience to structure capital solutions that are tailored to the
specific needs of companies operating in underserved segments of
the middle market.
For further information about Camberline Capital
Management, please visit www.camberlinecapital.com.
Crafty Apes Media Contact:
Storyline Public Relations
Marilyn Lintel
Marilyn@storylinepublicrelations.com
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SOURCE Crafty Apes