Private equity and investment firm EagleTree Capital LP, in partnership with FuseFX Inc. founders, purchased a majority stake in the independent visual effects studio for an undisclosed sum.
FuseFX founder and CEO David Altenau, Chief Development Officer Tim Jacobsen and Chief Technology Officer Jason Fotter will still hold a significant minority stake as they continue to lead the company.
The visual effects provider, which serves the television, feature film and advertising industries, will use the investment to improve its services, expedite its geographic and scale expansion, enter adjacent markets, broaden its creative services, explore business development opportunities and grow its talent pool.
New York-based EagleTree targets companies mainly in the media and business services, consumer products, and water and industrial sectors.
JEGI|Clarity was the financial adviser of FuseFX, while Morgan Lewis & Bockius LLP was its legal adviser. Jones Day was the legal adviser to EagleTree.