Go to deals
TMT | Private Equity

Ghost has been acquired by Picture Shop

The private shareholders and founders of Ghost A/S have sold the company to Picture Shop.

Ghost is a Danish visual effects company (VFX) with more than 20 years of global experience within the field of state-of-the-art visual effects. The company has approximately 75 employees who deliver VFX services, mainly to Hollywood-based film and television production companies. It is one of the leading Nordic companies in the sector, with a remarkable track-record in Hollywood. Since 1999, Ghost has contributed to more than 60 films and television series, such as The Nun, Star Trek Discovery, Black Panther, The Last Jedi, Rogue One, The Walking Dead, Hercules, Harry Potter, Quantum of Solace, Traitor and Die Another Day.

Picture Shop is a post-production VFX company, and part of a group that includes Picture Head, Formosa Group, Finalé and The Farm. The group has offices in Hollywood, Los Angeles, Vancouver and the UK, and is owned by management together with the private equity firms Trive Capital and Five Crowns Capital.

Oaklins’ team in Denmark advised the owners of Ghost in this transaction in collaboration with the media and digital team at Oaklins Cavendish in the UK.

M&A sell-side
“Oaklins truly delivered and worked hard, also when challenges occurred and it felt like an uphill battle. It has been like having Terminators (the good Arnold from the sequel) at our side.”

Aksel Studsgarth

Co-founder, Ghost A/S

Talk to the deal team

 Kim Harpøth  Jespersen

Kim Harpøth Jespersen

Managing Partner
Copenhagen, Denmark
Oaklins Beierholm
 Peter  Gray

Peter Gray

London, United Kingdom
Oaklins Cavendish
 Nicolai  Audon

Nicolai Audon

Copenhagen, Denmark
Oaklins Beierholm
 Mikkel  Ulstrup

Mikkel Ulstrup

Associate Director
Copenhagen, Denmark
Oaklins Beierholm

Related deals

Zephyr Group has acquired PK OEM Parts
Private Equity | Industrial Machinery & Components | Logistics

Zephyr Group has acquired PK OEM Parts

Zephyr Group has acquired PK OEM Parts. With the entry of PK OEM Parts, Zephyr Group aims to achieve a consolidated turnover of approximately US$65 million in 2023. The acquisition will allow an increase in the services and product range offered to customers by leveraging the group’s know-how and logistical capabilities. Furthermore, the acquisition represents a step forward in the growth and consolidation strategy that Zephyr Group started in 2018 with the acquisition of Spanish competitor SKV.

Learn more
Baird Capital invests in Freemarket
Private Equity | Financial Services

Baird Capital invests in Freemarket

Baird Capital has completed a growth capital investment in Freemarket. The investment supports Freemarket’s continuing fast growth and international expansion, as well as providing a partial cash-out to existing shareholders.

Learn more
Strahinjcica has been acquired by Studenac
Private Equity | Consumer & Retail

Strahinjcica has been acquired by Studenac

The owner of Strahinjcica has sold the company to Studenac.

Learn more