PFX Group, a GPEF IV fund portfolio company of Genesis Capital, based in Prague, Czech Republic, has successfully acquired the German VFX division of Cine Chromatix. This strategic acquisition has expanded PFX Group's workforce to nearly 250 highly skilled professionals across Central Europe, enabling the group to participate in high-profile projects and bringing captivating special effects for the audiences.
Martin Viliš, Partner at Genesis Capital Equity responsible for the PFX investment, remarked: “We are pleased to continue expanding the market reach of PFX Group beyond the CEE region as Germany is one of the most important VFX markets in Europe. This acquisition complements our investment thesis of making PFX a leading ‘go-to’ studio for visual effects within the region.”
"With this takeover, we are successfully complementing the investment story of PFX, becoming one of the top addresses for visual effects in Europe. We are delighted to welcome the VFX team of Cine Chromatix on board, along with Markus Frank and Thomas Knop. Their professional expertise and competence will increase our international competitiveness and provide an opportunity to strengthen new, sustainable customer relationships," said Jiří Mika, CEO of PFX Group.
"We are delighted about the unique opportunities that the new constellation brings for the VFX department of Cine Chromatix, which has expanded significantly in recent years. By merging with PFX, we gain a significant boost in know-how and the necessary access to investments in our infrastructure, software, hardware, and talent," added Markus Frank, Head of Studio.
Janosch Benz, Managing Director of Cine Chromatix, said, "In the long term, only strong international alliances that have sufficient staff, constantly invest in technology, and have a global presence are able to survive in the VFX sector. As a company, we will now concentrate on post-production and sound editing, but will continue to collaborate with our valued and well-known colleagues in the VFX sector who have now joined PFX."
About Genesis Capital
Genesis Capital is a private equity group that offers growth and development financing to small and medium-sized companies in Central Europe. Since its foundation in 1999, Genesis Capital has advised six private equity funds with a total volume in excess of EUR 350 million. These funds have already supported more than 80 companies.
At present, Genesis funds hold investments in the following companies: Hecht Motors, Borcad CZ, TES Vsetín, XBS Group, PFX Group, STT Servis, AV MEDIA, KASPER KOVO, Schulte Group, GAF, 11 Entertainment Group, Summa Linguae Technologies, Conectart, GTH catering, R2B2, HC Electronics, JP-Prolak, SEA Chomutov, UPS Technology and Carussel.
For more information, please visit: www.genesis.cz/en/
About PFX
PFX is a visual effects and post-production studio based in the Czech Republic, Slovakia and Poland. PFX employs an international team of over 210 talented artists and has delivered top-tier services for over a decade. PFX specializes in visual effects, commercials, animation, and post-production.
Over the years, PFX has transformed from a small boutique studio into a prominent and trusted company in the Central and Eastern European (CEE) region. Their client portfolio extends worldwide, boasting reputable names such as HBO, Disney, Netflix, AppleTV, as well as other major Hollywood players.
PFX’s animation division is currently producing three animated feature films with confirmed international distribution, eagerly anticipated by professionals and audiences alike. The post-production studio is constantly working on local and international blockbusters as well as independent films. The advertising team caters to clients from all around the globe, including notable brands like Jeep, Chrysler, T-Mobile, Intel, and many others. Additionally, PFX's visual effects professionals have lent their expertise to projects like Ridley Scott's latest film Napoleon, Czech hits Medieval and Zatopek, as well as the internationally acclaimed TV series Stranger Things, just to name a few. On top, PFX has been recently awarded with VES award in Los Angeles for its work on Winning Time: The Rise of the Lakers Dynasty, Season 2.
The studio consistently strives to stay at the forefront of industry trends and embraces technological innovations to provide its clients with creative and reliable support on every single project.
For more information, please see: https://pfx.tv/
About Cine Chromatix (VFX)
Cine Chromatix’s VFX division is a visual effects studio situated in Berlin, Germany, focusing mainly on local feature films. The studio work for Edward Berger's "All Quiet on the Western Front" received an Oscar and a BAFTA nomination last year and was awarded the European Film Award and the German Film Award 2023. “The School of Magical Animals” by Gregor Schnitzler also received a Lola (the German Film Award) for the best visual effects. The follow-up film “The School of Magical Animals 2” by Sven Unterwaldt was nominated for the German Film Award in the same category. The VFX department is responsible for numerous other internationally award-winning projects. The studio is composed of 20 seasoned professionals.
For more information, please visit: https://www.cine-chromatix.com/
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PR representation of Genesis Capital:
David Vondra, Insighters
E-mail: david.vondra@insighters.cz, phone +420 776 700 131