The EQT Mid Market Europe fund is partnering up with Epidemic Sound (or “the Company”) together with the Company’s founders and the investor Creandum (which also holds a stake in Spotify and will increase its ownership in the Company in conjunction with the transaction). Following the investment, the approximate ownership split is the EQT Mid Market fund 40%, Epidemic Sound founders 40% and Creandum 20%.
Founded in 2009 and headquartered in Stockholm, Sweden, Epidemic Sound is a new breed of music company, offering a high-quality music library, primarily targeting video content production clients, in-store music and streaming platforms. Epidemic Sound works closely with talented composers and musicians across genres and geographies, whose music makes up the Company’s cloud-based platform, containing over 30,000 tracks.
G&D advises Epidemic Sound’s founders and certain other shareholders with a team consisting of Partner Dick Lundqvist and Associates Oscar Anderson and Karin Källström.
http://www.eqt.se/news/Press-Releases/2017/eqt-mid-market-joins-forces-with-epidemic-sound/