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New Deal


Announced

Denis Ladegaillerie, EQT and TCV to acquire Believe for $1.64bn.

Financials

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Transaction Value£1,298m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium21%
One Off Charge-

Tags

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Cross Border

Friendly

Majority

France

digital music distributor

Media Agencies

Acquisition

Public

Pending

Single Bidder

Private Equity

Synopsis

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A consortium of Denis Ladegaillerie, EQT Patners and TCV offered to acquire Believe, a global digital music company, for $1.64bn. “Believe’s track record in developing labels and artists worldwide is exceptional. With the music market growth and digitalisation, Believe has significant potential to continue thriving, through organic expansion and strategic acquisitions. We are excited to invest alongside TCV and Denis to back that next phase of development. We are fully aligned with Believe’s core values of fairness, respect and transparency and are committed to support their talented team for future success,” Nicolas Brugère, EQT Partner.

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