Fusion Corporate Partners

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

ACQUISITION 
FDN Database Reference:  F231109-286
 
Acquirer:  HMV
ACQ Web:  http://www.hmvgroup.com
Location:  United Kingdom, London
Region:  Europe
Description:  Specialist retailer of Music, DVD/Video, Computer Games and Related Products
Category:  Retail
Contact:  Simon Fox, Chief Executive
 
Vendor:  MAMA Group PLC
Vendor Web:  http://www.mamagroup.co.uk
Location:  United Kingdom, London
Region:  Europe
Description:  Public company focused on music and media businesses and comprised of three divisions: Live Music,Artist Services and Consumer services.
Category: Media, Events
Contact 1:  Dean James, Co-Chief Executive
Contact 2:  Adam Driscoll, Co-Chief Executive

Aprox. Value:  £46,000,000
 
Details:  HMV Group plc and MAMA Group Plc have announced that agreement has been reached on a recommended cash offer to be made by HMV to acquire all of the issued and to be issued Ordinary Shares of MAMA not already owned by HMV. The Offer will be 5.4 pence per MAMA Share in cash and values the entire issued share capital of MAMA at approximately £46 million on a fully diluted basis. The Offer representsa premium of approximately 23.4 per cent. to the middle market price of a MAMA Share at the close of business on 4 December 2009 and a discount of approximately 1.8 per cent. to the closing price of 5.5 pence per MAMA share on 22 December 2009.
 
Link: Press Release