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Modo maker The Foundry changes hands, to the tune of $312 million

UK-based creator of popular art tools has a majority investor -- private equity company HgCapital.

Newsbrief: Private equity company HgCapital has acquired a majority share in The Foundry, maker of art tools such as Modo, Mari, and Nuke, among many others -- to the tune of £200 million ($312 million).

Its previous owner was another private equity firm: The Carlyle Group.

In its press release on the deal, The Foundry said the investment "kicks off its next growth phase," but was mum on concrete plans for the money.

"This lets us pursue our best-in-class strategy, prioritizing research and innovation; and teaming with other companies to create powerful collective solutions," said The Foundry CEO Bill Collis, in a statement.

 

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