🏆 Deal of the Week · KW 27/2024
DNEG raised USD 200 million in a Private Equity Round; the post-money valuation was not disclosed. The round was led by United Al Saqer Group, a UAE-based conglomerate. The transaction was recognised as Venionaire DealMatrix's Deal of the Week for KW 27/2024.
DNEG — key deal facts
| Company | DNEG |
| Founded | 1998 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 200M |
| Valuation | Valuation Remains Undisclosed |
| Round | Private Equity Round |
| Investors | United Al Saqer Group |
| Sectors | Advertising, Digital Entertainment, Film, Motion Capture |
Who invested in DNEG?
United Al Saqer Group, headquartered in Abu Dhabi, UAE, is the sole disclosed investor in this round. The participation of a Gulf-based family conglomerate in a UK-domiciled VFX and animation studio is notable, reflecting continued Middle Eastern capital deployment into global digital entertainment and content-production infrastructure. No co-investors or financial sponsors were disclosed alongside this transaction.
What does DNEG do?
DNEG is a technology-enabled visual effects, computer animation, and stereo-conversion studio that serves the feature film, television, and multiplatform content markets. Founded in 1998 in London as Double Negative, the company rebranded to DNEG in 2014 following its merger with Prime Focus. Headquartered in Fitzrovia, London, DNEG operates a suite of specialised offerings including DNEG Animation, DNEG 360 for virtual production, and DNEG IXP for digital production targeting advertising and gaming. Under CEO and Chairman Namit Malhotra, DNEG has accumulated multiple Academy Awards for Best Visual Effects over its 25-plus-year history.
DNEG valuation & multiples
No verified EV/Sales or EV/EBITDA multiples are available for this transaction, as the post-money valuation was not disclosed. Once comparable data points emerge from public filings or subsequent financing rounds, sector-level benchmarks for VFX and digital entertainment businesses will become applicable. Readers can explore prevailing transaction multiples for the Film, Digital Entertainment, and Advertising sectors on the relevant Venionaire DealMatrix sector multiples pages.
Frequently asked questions
How much did DNEG raise in its Private Equity Round?
DNEG raised USD 200 million in a Private Equity Round, announced in Q3 2024 (KW 27/2024).
What is DNEG's valuation?
DNEG's valuation was not disclosed in connection with this Private Equity Round.
Who invested in DNEG?
United Al Saqer Group, a UAE-based conglomerate, was the sole disclosed investor in DNEG's USD 200 million Private Equity Round.
When was DNEG founded and where is it based?
DNEG was founded in 1998 and is headquartered in Fitzrovia, London, United Kingdom.
Source: original announcement — read the full report.