James Bond helmer Sam Mendes’ London-based Neal Street Productions has been put up for sale. An information memorandum is understood to have been sent to prospective buyers with a deadline for first-round bids believed to be fast approaching. The pricetag is thought to be in the neighborhood of £40M ($63.8M). The Guardian first reported the news which a source has confirmed, although Neal Street declined to comment.
Suitors are expected to line up for the successful indie which celebrated its 10th anniversary last year. Mendes founded the company in 2003 with Pippa Harris and Caro Newling. It has since gone on to work across film, television and theater.
Feature credits include Jarhead with Jake Gyllenhaal; Revolutionary Road with Kate Winslet and Leonardo DiCaprio; Away We Go with John Krasinski and Maya Rudolph; and the James McAvoy-starrer Starter For Ten. On the TV side, it produces BBC One hit drama Call The Midwife which just received a fifth season order; and John Logan’s Showtime/Sky series Penny Dreadful. The company is also currently producing The Hollow Crown: War Of The Roses for BBC Two/WNET, starring Benedict Cumberbatch and Judi Dench. In theater, it has made Enron, Shrek and last year’s successful Charlie And The Chocolate Factory.
Neal Street recently brought Julie Pastor back into the fold as its Head of Development. The sale process is said to be run by advisory About Corporate Finance.