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Battle in sight for the recovery of the nugget of music Believe

2024-03-08T17:37:41.717Z

Highlights: Believe specializes in the support and digital distribution of independent artists and labels. A consortium of investors including the Swedish private equity giant EQT announced its intention to acquire 72% of the capital of the company on February 12. Warner Music Group is interested in taking over the tricolor, which has hardly shined for three years. The offer submitted in mid-February by the consortium bringing together the current founder and two funds seems to be a step ahead. The board of directors declared, on March 1, to have received “ an exploratory, preliminary and non-binding expression of interest ”


DECRYPTION - Warner Music Group is interested in taking over the tricolor, which specializes in the distribution and support of independent artists and labels. The offer submitted in mid-February by the consortium bringing together the current founder and two funds seems to be a step ahead.


In which fold will Believe fall after its chaotic history with the markets?

This tricolor nugget specializing in the support and digital distribution of independent artists and labels has for several weeks been the object of desire emanating from players wanting to take it out of a stock market where it has hardly shined for three years.

On February 12, a consortium of investors including the Swedish private equity giant EQT, alongside the company's managing director Denis Ladegaillerie and the American fund TCV, announced its intention to acquire 72% of the capital of the company before making a public purchase offer on the balance.

A project supported by the board of directors, which nevertheless declared, on March 1, to have received “

an exploratory, preliminary and non-binding expression of interest

for the resumption of Believe.

After several days of hesitation, this mysterious suitor made himself known this Thursday, March 7: it is…

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Source: lefigaro

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