WEST PALM BEACH - Palm Beach Capital announced today that it has made an investment into Digital Domain Holdings. This transaction is the first equity investment by Palm Beach Capital from Palm Beach Capital Fund III, L.P. Macquarie Investment Management Limited served as a co-investor in this transaction. No financial terms were disclosed.
Digital Domain Holdings, based in Port St. Lucie, Florida, is the parent company of California based Digital Domain, an Academy Award winning digital production studio. Building on the growth and success of Digital Domain in California and in Vancouver, Canada, the company has opened a large-scale digital production studio in Port St. Lucie, Florida that allows it to develop original content and 3D visual effects. The company has also announced plans to build in West Palm Beach, Florida, the Digital Domain Institute, a four-year academic program in advanced digital media supported by the College of Motion Picture Arts at Florida State University and the City of West Palm Beach.
