Bredin Prat advises the TCV-EQT-Denis Ladegaillerie consortium in connection with its tender offer to acquire Believe

Bredin Prat advises the consortium composed of TCV, an American investment company; EQT, a Swedish equity investment group; and Denis Ladegaillerie, founder and CEO of Believe, a French digital music group, in connection with a tender offer for all Believe’s outstanding shares at €15 per share upon having acquired an additional stake in Believe from historical shareholders TCV Luxco BD S.à r.l., Ventech, and XAnge.

The consortium will seek to implement a squeeze-out with a view to take the company private if the legal requirements are met at the end of the offer.

The transaction will bring French digital music group’s value to approximately €1.52 billion.

The tender offer will be filed with the French financial markets authority (AMF) during the second quarter of 2024.

Bredin Prat advises the consortium composed of TCV, EQT, and Denis Ladegaillerie with the following team:

• Corporate law: Olivier Assant and Kate Romain (partners), Karine Angel (counsel), Marie Charlet, and Constantin Mathews
• Tax law: Jean-Baptiste Frantz (partner), Kevin Guillou and Simon Weber
• Employment law: Laetitia Tombarello (partner) and Caroline Combes
• Competition law: Arthur Helfer (partner) and Sophie White