UK-based indie See-Saw Films, known for its acclaimed productions such as “Heartstopper” and “Slow Horses,” has taken a significant step by appointing an advisory firm to consider strategic options for potential sale or investment. This decision reflects See-Saw’s sustained success and growth, leading to the recruitment of ACF, a UK investment bank, to guide the company through this critical phase. With its operations spanning both the UK and Australia, See-Saw stands at a pivotal point in its trajectory, seeking to capitalize on its impressive portfolio of high-profile projects.
According to filings with Companies House, See-Saw reported a substantial revenue of £122.3 million (approximately $158.8 million) for the financial year ending June 30, 2023, along with a profit of £4.5 million. However, these figures do not encompass revenue generated in Australia or other international markets, indicating an even broader financial footprint. This success is crucial as the company navigates potential negotiations, and expectations for a premium valuation are high, possibly reaching a low nine-figure sum. Such robustness in financial performance places See-Saw as an attractive target for investors aiming to capitalize on the indie production sector.
Given See-Saw’s standing as one of the last significant scripted independent producers not yet consolidated into a larger media conglomerate, the market interest is expected to be substantial. Potential buyers have already been approached, signaling a competitive environment. Notably, All3Media’s CEO Jane Turton acknowledged plans to pursue scripted acquisitions, while Banijay’s recent acquisition of Caryn Mandabach Productions indicates a trend toward consolidation within the industry. BBC Studios and ITV Studios remain potential players, further intensifying the competitive landscape around See-Saw’s potential venture.
See-Saw Films boasts a rich catalogue of productions that have garnered both critical acclaim and commercial success. The company is perhaps best known for the Oscar-winning film “The King’s Speech,” alongside projects like “Top of the Lake” and “Lion,” which received Academy Award nominations. Recent successes such as Apple’s Emmy-winning “Slow Horses” and Netflix’s “Heartstopper” have fortified its reputation. The upcoming projects, including “Apple Cider Vinegar,” are poised to further enhance their market position, making the company all the more appealing to prospective investors and partners.
Founded in 2008 by Iain Canning and Emile Sherman, See-Saw has transitioned its daily operations under the leadership of Joint Managing Directors Helen Gregory and Simon Gillis. The company’s recent ventures, including a joint project with executive producer Patrick Walters, demonstrate its commitment to innovative storytelling and diversification. As See-Saw continues to explore strategic options, it stands on the brink of new possibilities, ensuring that it remains a pivotal player in the evolving landscape of film and television production, capable of attracting substantial investment to further its mission in creating compelling narratives for global audiences.