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New Deal


Announced

Abry Partners to invest $100m in HARTBEAT.

Financials

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Transaction Value£78m
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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media company

Minority

Domestic

Media Agencies

Pending

Acquisition

Private Equity

Private

Friendly

United States

Single Bidder

Synopsis

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Abry Partners, a private equity firm, agreed to invest $100m in HARTBEAT, a global, multi-platform media company creating entertainment at the intersection of comedy and culture. "We've scaled our business in an ever changing media landscape by delivering comedy to audiences wherever and whenever they want to laugh, and have demonstrated an unmatched ability to generate sales, subscriptions and eyeballs for some of the top entertainment and brand partners in the world, while driving cultural currency and conversation among some of the most coveted audiences," Thai Randolph, HARTBEAT CEO.

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