Simpson Thacher is representing Technology Crossover Ventures (“TCV”) in connection with the acquisition by a consortium comprised of Denis Ladegaillerie, EQT and TCV of a block of 71.92% of the share capital of Believe to be followed by a tender offer to acquire 100% of the share capital of Believe, valuing the company at €1.52 billion.
Headquartered in Paris, France, Believe is a global independent music company. Believe was co-founded by Denis Ladegaillerie in 2005 with a mission to partner with local artists and labels, supporting them in their creative journeys and to grow their audiences at each stage of their career and development. Today, Believe provides more than 1.3 million independent artists with marketing, artist development, production, publishing, branding, live and financing solutions in more than 50 countries around the world across more than 150 digital streaming providers, including Spotify, YouTube, Apple Music, and Amazon.
The Simpson Thacher team includes Geoffrey Bailhache, Ciaran Cronin and Rhona Luithle (M&A); Nicholas Shaw (Capital Markets); Étienne Renaudeau, Henry Llewellyn and Kelly Karapetyan (Antitrust); and Robert Guo, Amanda Miller and Stephanie Lee (Funds).