Dock10 announces 100% takeover of 422
The deal excludes 422’s sister company based in Glasgow, which will stay under its existing independent ownership and re-brand in the coming months.
Following on from its acquisition of the Edit19 business earlier this year, the deal will significantly expand dock10’s short form and long form service offering.
422 brings has a 20-year heritage, with particular specialisms in creative audio, vfx and graphics, grade, animation and CG.
Its client portfolio includes many of the leading advertising agencies and commercial production companies in the North, as well as a number of TV production businesses and major corporate brands.
The team has recently worked with agencies on a number of high profile assignments including campaigns for Magnet Kitchens, John West, Aldi and Farmfoods. In the TV market, the team works with leading children’s animation production companies including Brown Bag Films and CHF Entertainment and is also currently working with Finestripe Productions on a documentary for the US channel Smithsonian TV.
Mark Senior (above, right), CEO of dock10, said: “The 422 team has a fantastic reputation for creating and delivering a formidable range of high end post production services, and we are delighted to welcome them to dock10. When combined with our existing post production and vfx business, this acquisition will make dock10 the clear leader outside London in both the TV and creative services markets.”
The 422 team, led by Gemma Ackerley (left) and Damien Lynch (2nd left), will remain in its existing premises in Peter Street, Manchester until mid 2017, before moving into dock10’s state of the art facilities in The Quay at MediaCityUK.
Lynch, Facilities Director for 422, added: “422 was conceived, over 20 years ago, to offer the best creative talent and innovative post production technology outside of London. In that time, we have developed into a full service post production and vfx facility, catering primarily for the advertising, corporate and animation industries. I am very excited about the opportunity to combine the service offerings of dock10 and 422 which will be un-paralleled in the regional market.”
Dock10 was advised by George Danczak at Addleshaw Goddard and the selling shareholders were advised by Simon Wallwork at Slater Heelis and Rob Lord at Cowgill Holloway.