.
MergerLinks Header Logo

Announced

Completed

Providence Equity Partners completed the investment in Sweetwater.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

E-commerce

Acquisition

Domestic

Private Equity

Minority

Single Bidder

United States

musical instruments

e-commerce

Private

Friendly

Completed

Synopsis

Edit

Providence Equity Partners, a private equity firm, completed the investment in Sweetwater, an eCommerce provider of musical instruments and audio equipment. Financial terms were not disclosed. "We are thrilled to partner with Providence to help accelerate our next phase of growth and bring the ‘Sweetwater Difference’ to even more customers. I am incredibly proud of the growth our company achieved over the last year, which would not have been possible without the dedication of our employees and world-class team of music gear experts. I am confident this growth equity investment will allow us to reach new heights and further our mission of enabling customers to make music and pursue their dreams," Chuck Surack, Sweetwater Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US