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New Deal


Announced

Completed

Growth Catalyst Partners-backed TrueFire Studios completed the acquisition of ArtistWorks.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Completed

Private Equity

Domestic

Entertainment

music recording

Acquisition

Majority

Private

Friendly

Synopsis

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Growth Catalyst Partners-backed TrueFire Studios, an alliance of the online music education companies, completed its acquisition of ArtistWorks, a provider of online video exchange learning solutions. Financial terms were not disclosed. "We welcome this new alliance that ensures fulfilment of the long-held ArtistWorks mission to 'teach the world music'. Working alongside the other top-quality consortium companies who strongly complement each other will allow exciting new collaborations and exceptional learning opportunities for lifelong players," Patricia Butler, ArtistWorks CEO.

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