Leading Newcastle based law firm, Hay & Kilner has assisted one of the North East’s most successful film production companies, Dene Group, to secure nearly £800,000 in funding.
Hay & Kilner’s commercial team worked with the group and its subsidiaries, including Dene Films, Qurios Entertainment, Metropolis Pictures, Imagine TX Post Production and IPTV development company Studio Riff Raff, to assist in structural changes as it bid for the funding.
The £795,000 injection will allow Dene to move into larger premises in the Ouseburn Valley, while also investing in the latest HD and 3D editing technology and boosting its workforce. The investment was largely made up of £500,000 from the Growth Plus Fund, managed by FW Capital, alongside £150,000 from the Growth Fund, managed by NEL Fund Managers.
Hay & Kilner were able to successfully assist Dene with legal aspects of the deal including corporate finance and employment. Partner and employment law expert, Sarah Hall prepared service agreements for the directors at Dene whilst Mark Adams, partner in Hay & Kilner’s corporate finance team, covered all aspects of the restructuring and investment for Dene. Mark commented:
“This is a fantastic opportunity for Dene to expand its presence and further enhance its growing reputation both locally and nationally. We were delighted to work with Steve Salam again and are sure that Dene will continue to go from strength to strength. Its investment in the latest HD and 3D editing technology is an exciting prospect.”
Dene Group is a multi-award winning production company, working in commercials, corporate, broadcast and on-line television. They have produced almost 5,000 commercials, corporate films and broadcast TV programmes, including TV adverts and an upcoming 3D historical recreation of Vindolanda.
Managing Director Steve Salam said:
“Hay & Kilner has consistently provided excellent support to the Dene Group, which has helped secure this funding.
We now have the funding we need to realise our ambitions and we look forward to creating new jobs in the region and building the reputation of the North East as a centre of excellence for film making and production.”