The transaction values Cosmos-Maya at over $90 million, two folks with direct data of the deal mentioned.
NewQuest has purchased out Emerald Media’s stake within the firm.
KKR-backed Emerald Media, which had acquired the stake in January 2018, has exited with an estimated return of 3-4x on its preliminary funding.
Cosmos-Maya has been one of many “most dynamic” corporations on this phase with a “exceptional development trajectory”, mentioned Amit Gupta, associate and head of India and Southeast Asia at NewQuest.
“With a portfolio of over 20 IPs and a extremely gifted group, we strongly consider that Cosmos-Maya is exceptionally nicely positioned to consolidate its management place within the phase,” Gupta added.
NewQuest, a devoted secondary personal fairness platform, has places of work in Singapore, Hong Kong, Beijing and Mumbai. It presently manages 4 funds with capital commitments of over $2.4 billion.
Based 25 years in the past by Indian filmmakers Ketan Mehta and Deepa Sahi, Cosmos-Maya is a Singapore and India-based animation firm that produces 2D and 3D animated content material. It owns common IPs like ‘Motu Patlu’, ‘Selfie with Bajrangi’, ‘Dabangg’ and has current offers with native and world broadcasters and OTT gamers in Asia.
“The partnership with Emerald Media heralded a robust development period for us. I’m very comfortable that we are actually getting a associate in NewQuest,” mentioned Mehta. “The partnership marks one more necessary chapter within the world journey of our studio, which is poised for accelerated development.”
GCA acted as unique monetary advisor to Cosmos-Maya and its shareholders, whereas SNG & Companions and Cyril Amarchand Mangaldas had been the authorized advisors.
EY and BDO acted as due diligence and transaction tax advisors.
“Emerald Media has leveraged our business experience and the energy of our platform to assist the corporate set up a stable basis to broaden its footprint in India and throughout the globe,” mentioned Rajesh Kamat, managing director, Emerald Media.
Cosmos-Maya presently has 18 exhibits on air and 10 underneath manufacturing, together with 4 completed European co-production sequence and a global animation function movie, ‘Dogtanian and the Three Muskehounds’.
“Final 6 years have been a dream run for us the place we have now given exits to angel traders and Emerald Media. Now, NewQuest has come on the proper time when this sector goes to see huge development with the best tailwinds,” Anish Mehta, CEO, Cosoms-Maya instructed ET.