Concord to acquire Round Hill Music for $469m.

Transaction Tags

• Friendly
• Majority
• Pending
• Private Equity
• Single Bidder
• Guernsey
• Acquisition
• Domestic
• Public
• Private Equity
• investment company

Synopsis

Concord, an independent music company, agreed to acquire Round Hill Music, a private equity firm, for $469m. "The board is pleased to present this opportunity for liquidity at a premium to both the share price and the IPO price, as well as at a narrow discount to economic net asset value per share. The recommended offer represents excellent value for shareholders," Robert Naylor, Round Hill Music Chairman.

Sources