Global law firm White & Case has advised Epidemic Sound on a USD450 million joint investment by EQT Growth and Blackstone Growth, which values Epidemic Sound at USD1.4 billion.
Epidemic Sound is a global MusicTech company headquartered in Stockholm. The company has democratised access to music for storytellers by providing royalty free music and sound effects. Its innovative digital rights model paves the way for creators, from YouTubers to small businesses to the world’s largest brands, to use restriction-free music to elevate their content, whilst supporting the musicians it works with both financially and creatively. Epidemic Sound was founded in 2009 and has offices in six major cities across the globe: Stockholm, New York, Los Angeles, Seoul, Hamburg and Amsterdam. It is backed by Creandum, EQT Mid-Market and Atwater Capital and its Chairperson is Vania Schlogel, Managing Partner & Founder at Atwater Capital.
EQT is a purpose-driven global investment organisation with more than EUR84 billion in raised capital and over EUR52 billion in assets under management across 17 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
Blackstone Growth is the growth equity platform of global investment firm Blackstone, one of the world’s leading investment firms, which provides scale and resources to early-stage entrepreneurs.
Read more/Source: Private Equity Wire
