October 2018

Transaction Background

FuseFX is a full-service visual effects studio serving the television, feature film and advertising industries with facilities in Los Angeles, New York and Vancouver. Founded in 2006 by David Altenau, the company employs a crew of more than 300 highly talented and experienced artists, producers and support personnel.

FuseFX is the market leader in providing visual effects for episodic content and continues to broaden it’s services in feature films, commercials and VR. The Company has a strong presence across the entire episodic spectrum, including traditional networks, cable channels, premium content and streaming (OTT) providers, with long standing relationships across iconic programmes such as Criminal Minds, Marvel’s Agents of S.H.I.E.L.D., American Horror Story, The Magicians, Empire and Preacher, among many others.

The Company is also currently working on a wide variety of high-profile and complex shows including Lost in Space, Ozark, The Tick, Marvel’s Runaways, Luke Cage and Mr. Robot (which recently received an Emmy nomination for Best Supporting Visual Effects).

EagleTree Capital, formerly Wasserstein Partners, is a New York based private equity and investment firm. It manages capital on behalf of global institutional and individual investors. EagleTree’s private equity funds invest primarily in the media and business services, consumer products, and water and industrial sectors.

Our Role

JEGI | CLARITY was sole corporate finance advisor to FuseFX in all aspects of the transaction.

The team were responsible for managing a highly competitive sales process which included identifying and engaging with multiple prospective partners on a global basis. We led negotiations on pricing and deal structure as well as being responsible for the overall planning and orchestration of the transaction process.

Ultimately, we delivered a deal that exceeded the expectations of our client and secured an outstanding outcome for both the existing investors and the leadership team who retain a significant stake in the business.

“As a founder and entrepreneur with no previous transaction experience, the JEGI | CLARITY team was a vital contributor to the ultimate success of our deal.  We were impressed throughout with their commitment, intelligence and insights, and they brilliantly orchestrated the entire process for us.  We appreciated their adaptable approach to our internal timetable, and they brought about a great outcome for both sides.  We could not have asked for a better team to guide and support us.”

David Altenau
Founder and Chief Executive Officer, FuseFX