PROJECT

Projects

Summary of Investment Information

Project Number

47378

Company Name

DOUBLE NEGATIVE LIMITED

Date SPI Disclosed

Jul 3, 2023

Country

India

Region

South Asia

Projected Board Date

Feb 24, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 4, 2023

Department

Regional Industry - INF Asia & Pac

Industry

Telecommunications and Technology

Previous Events

Approved : Mar 17, 2023
Signed : Jun 7, 2023
Invested : Jun 14, 2023

Sector

Content (B2C Companies)

Project Description

The proposed transaction is a US$75 million loan to the Prime Focus World N.V. and its subsidiaries (collectively referred to as the DNEG Group or the Company(ies)), a global leader in tech enabled creative solutions to the entertainment industry. DNEG Group is a leading independent provider of visual effects (“VFX”), feature animation, and other production services.

Associated Advisory Engagement

 IFC , through a gender advisory support, will help the DNEG Group increase women’s representation in its workforce in India, in line with its global average. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation