Mooreland Partners Advises Aspiro on Offer from S. Carter Enterprises

LONDON – 30 JANUARY 2015 – Mooreland Partners, the leading global technology-focused M&A advisory firm, today announced that it has acted as financial advisor to Aspiro on the public offer received from Project Panther Bidco Ltd, indirectly controlled by S. Carter Enterprises which is owned by Shawn Carter, also known as Jay-Z. The offer values Aspiro at approximately $56 million.

Aspiro is a media technology company at the forefront of the ongoing redefinition of music consumption. Through its subscription services WiMP and TIDAL, Aspiro offers a complete experience with unrivalled HiFi quality. The platform encompasses audio, video and integrated editorial features.

“While the offer is in its early days, once completed it will likely lift Aspiro and its advanced music streaming service to a new level. This is another landmark transaction in the digital media space advised by Mooreland,” said Peter Globokar, Managing Director, Mooreland Partners.
S. Carter Enterprises holds interests in leading international music, media and entertainment companies and believes that significant opportunities exist to further develop Aspiro in a focused private environment outside of the stock exchange. S. Carter Enterprises believes that the recent developments in the entertainment industry, with the migration to music and media streaming, offers great potential for increased entertainment consumption and an opportunity for artists to further promote their music. S. Carter Enterprises’ strategic ambition revolves around global expansion and up-scaling of Aspiro’s platform, technology and services.

The offer is conditional on Project Panther Bidco Ltd becoming the owner of more than 90 per cent of the total number of shares in Aspiro and receiving the necessary regulatory approvals for the acquisition.

Mooreland Partners is well positioned as an international technology-focused M&A firm to advise on the growing number of cross-border M&A transactions. According to a recent article in the Financial Times, “In the first nine months of this year, the value of M&A is nearly two-thirds higher than it was in the same period in 2013, at $2.66bn – a level of activity not seen since 2008.”