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New Deal


Announced

Brookfield to invest $2bn in Primary Wave Music.

Financials

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Transaction Value£1,759m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

Single Bidder

Private

Minority

Media Agencies

music company

music agency

United States

Pending

Friendly

Private Equity

Synopsis

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Brookfield Asset Management, a Canadian multinational company that is one of the world's largest alternative investment management companies, agreed to invest $2bn in Primary Wave Music, an independent publisher of iconic and legendary music in the world. "We are thrilled to deliver a comprehensive capital solution to Larry and the team at Primary Wave to support their continued acquisition of the world’s most iconic music IP. Strong secular growth trends, scarcity value of assets and the continued penetration of music in new forms of content delivery underpin this significant commitment to the asset class," Angelo Rufino, Brookfield Managing Partner.

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