Connection Capital invests in Brompton Technology
Summary
Established in 2011, Brompton Technology is a market leader in supplying products designed for use in the live events market. Brompton Technologys specialist technology is used to generate seamless, high-quality images across multiple large LED panels that are used as the stage backdrop for live music acts or at sporting events and are increasingly taking the place of green screens as a virtual backdrop on TV and film sets.Brompton Technologys products are used on global music tours of artists like Taylor Swift and U2, and in the filming of High end TV and film productions such as Disney+ series The Mandalorian.When live events ceased during Covid-19 lockdowns, Brompton Technology rapidly pivoted its model to also focus on TV and film production and it is now the market leader in virtual production technology globally. Using LED screens to display a backdrop allows for a more immersive acting environment than a traditional green screen, delivers cost savings compared to shooting on location, reduces post-production work and allows production companies to shoot in a Covid-safe and environmentally conscious manner without disruption or need to travel.The investment will enable Brompton Technology to capitalise on significant growth opportunities ahead. Demand for its products is extremely high with growing markets globally.HMT undertook financial due diligence for Connection Capital on this transaction.We are delighted to have advised Connection Capital on their investment in Brompton Technology. Brompton has been able to adapt its offering during the Covid-19 crisis and is now a lead on both the live events and TV and film production markets.