Charles Russell Speechlys advises 7digital on its £19.4 million acquisition by Songtradr
Charles Russell Speechlys has advised AIM-listed 7digital Group plc on its £19.4 million acquisition by Songtradr, Inc.
The acquisition was structured by way of a takeover scheme of arrangement and completed on 30 March. 7digital provides B2B end-to-end digital music solutions, with a scalable cloud-based platform that enables companies and brands to connect to its global music catalogue and rights management system. Songtradr, one of the world’s largest B2B music licensing companies, delivers music solutions to music rights holders as well as brands, agencies, digital platforms and content creators.
Paul Arathoon, Corporate Partner, commented: “We have thoroughly enjoyed working closely with 7digital over the last few years on a number of matters and were delighted to support 7digital on this significant transaction. We look forward to seeing what the future holds.”
Paul Langworthy, 7digital’s CEO commented: “The expertise, guidance and legal advice provided by Paul and the team at Charles Russell Speechlys has been first class. They have simplified a complex process into a clear set of deliverables and milestones and ensured we remained on track throughout, managing us through each step. Put simply, they’ve ensured the sale our business went as smoothly as I could have hoped and I’ve been delighted with the service they have given us. Thank you to Paul and his team.”
The team was led by Corporate Partner Paul Arathoon with support from Associate Iwan Thomas and Trainee Tim Edgar. Robert Birchall and Arjun Thakrar advised on share scheme matters.