BNP Paribas has advised a consortium led by Believe founder and CEO Denis Ladegaillerie, together with TCV and EQT X, on the launch of a tender offer for all outstanding shares in global #digital #music company Believe. The tender offer, which was unanimously approved by Believe’s Board of Directors in April, has led to 94.99% of its share capital owned by the consortium at closing. Consortium’s holding was increased to more than 96% in the following days.
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Believe provides services, including marketing, artist development, production, publishing, branding, live and financing solutions to 1.35 million independent artists and labels. It has over 1,900 employees and operates in over 50 countries.
BNP Paribas acted as financial advisor to the consortium, underlining its capacity to accompany growth and #technology companies in their international development.
#BNPP4clients #musicindustry #recordlabels