15 Apr 2019
Investec helps to raise £130m for Entertainment One
Investec Corporate and Investment Banking (“Investec”) and J.P. Morgan Cazenove (J.P. Morgan) have jointly raised £130m for Entertainment One Ltd (“eOne”), to part-fund the acquisition of Audio Network Ltd (“Audio Network”).
Entertainment One is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. eOne’s expertise spans film, television and music production and sales, family programming, merchandising & licensing, and digital content.
eOne’s well-known family brands include Peppa Pig and PJ Masks. eOne produces some 500 hours of TV per year including titles such as Grey’s Anatomy, Designated Survivor and The Walking Dead and recent film titles include Green Book and Stan & Ollie.
Audio Network is one of the world’s largest independent creators and publishers of original music for use in film, television, advertising and digital media. Audio Network adds approximately 13 new albums a month to its platform and has approximately 30,000 corporate customers across 130 countries, with 10,000 tracks downloaded from its platform every day.
Patrick Robb, co-head of Corporate Broking at Investec, commented:
“This acquisition gives eOne a stronger presence in music, a fast-growing sector which complements their existing music business and brings synergies for their film & television businesses.”
Investec has been Joint Broker to eOne since January 2017. In 2018, Investec helped raise $75m for eOne to part-fund the acquisition of the 49% stake in the Mark Gordon Company eOne did not already own.
Other TMT placings on which Investec has acted in 2019 to date include raising £100m for Blue Prism and raising £160m for GB Group to help fund the acquisition of US-based IDology.
For more information, please contact:
Fatima Ismat, Lansons (PR agency for Investec CIB) - 020 7566 9709
Luke O’Mahony, Investec (Public Relations) - 020 7597 5261
Investec Corporate and Investment Banking
Investec CIB is an international corporate and investment bank working with growth-orientated companies, institutions and private equity funds. Our people set us apart – empowered, straightforward and invested in our clients’ long-term success. We provide capital solutions, advice and ideas, along with bespoke investment solutions and access to capital markets. Founded in 1974, The Investec Group has grown successfully through its client focussed approach and its ability to serve diverse and evolving financial needs.
This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Corporate and Investment Banking is a brand name of Investec Bank plc, which is a member of the London Stock Exchange.
Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.