Concord Cadence (Bidco) is a wholly owned subsidiary of Concord, newly established for the purposes of the Acquisition.
Concord is the independent, worldwide leader in the development, management and acquisition of sound recordings, music publishing and theatrical performance rights and narrative content, representing more than 1 million songs, composed works, plays, musicals and active recordings.
Headquartered in Nashville with additional offices in Berlin, London, Los Angeles, Melbourne, Miami and New York and staff in Auckland, Sydney, Toronto and Tokyo, Concord’s repertoire is licensed in virtually every country and territory worldwide.
Round Hill Music (RHM), a London Stock Exchange Main Market listed fully integrated owner and operator of music copyright properties and the sixth largest music publishing company in the US.
Headquartered in New York with additional offices in Nashville, Los Angeles and London, Round Hill has an experienced management and investment team with an established reputation and extensive experience in the music and finance industries. The management team is comprised of Josh Gruss, Steve Clark, Neil Gillis, Amanda Siconolfi, Shannon Farley and Erich Carey. The investment team is comprised of Josh Gruss, Steve Clark, Neil Gillis and Amanda Siconolfi.
On 8th September 2023, the board of directors of each of Alchemy Copyrights, LLC, trading as Concord and RHM, announced that they had reached agreement on the terms of a recommended cash offer pursuant to which Concord Bidco, a wholly-owned subsidiary of Concord, will acquire the entire issued and to be issued share capital of RHM.
The Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies Law.
Publication of the Scheme Document
The Perivan shareholder communications team was delighted to work with Gowling WLG (UK) who acted UK legal adviser to RHM on the production of the Scheme and associated and ancillary documents, which were successfully published and posted to qualifying shareholders on 25th September 2023.
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Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.