Accel-KKR and Ontario Teachers' to Sell Alias for $182 Million
Accel-KKR, a technology-focused private equity investment firm, and Teachers� Private Capital, the private investment arm of the Ontario Teachers� Pension Plan, announced a few weeks ago that they have signed a definitive agreement to sell Alias, a developer of 3D graphics technology, to Autodesk, Inc.
Under the terms of the transaction, Accel-KKR, the majority
shareholder in Alias, and its partner, Teachers� Private Capital,
will sell their equity stakes in the company in a $182 million
Headquartered in Toronto, Canada, Alias was founded in 1983 as Alias Research. The company�s customers encompass many of the world�s premier entertainment and manufacturing companies, including Industrial Light & Magic, DreamWorks SKG, Nintendo, General Motors and BMW, among others. Alias� product lines comprise sketching, animation, visual effects, design, modeling, rendering and reviewing solutions. MotionBuilder� is Alias� 3D character animation product, FBX� is widely used in the exchange and use of 3D content, and Maya� is the company�s Academy Award-winning 3D application. Alias StudioTools is software for design tasks from 2D sketches to production models.
Doug Walker, President and CEO of Alias, said, �The success
of Alias has in part been made possible by the investments
made by Accel-KKR and Teachers� Private Capital following
their acquisition of Alias from Silicon Graphics. We could
not have asked for two better partners.�
The transaction is anticipated to close within the next four to six months, and is subject to a number of closing conditions, including regulatory approval.