Hottinguer Corporate Finance advises Vivendi on the disposal of 10% additional stake in Universal Music Group (« UMG ») to Tencent-led consortium

Vivendi announced today that the Tencent-led Consortium decided on December 17, 2020, to exercise its option to acquire an additional 10% of Universal Music Group based on an enterprise value of €30 billion for 100% of UMG’s share capital. Closing and payment will take place during the first semester of 2021, subject to regulatory approvals.

Following the agreement signed on December 31, 2019, the Consortium, led by Tencent (00700.HK) with the participation of Tencent Music Entertainment (NYSE: TME) and certain global financial investors, acquired 10% of the share capital of UMG on March 31, 2020, with the option to acquire an additional amount of up to 10% of UMG’s share capital on the same valuation basis until January 15, 2021.

This transaction will enable UMG to further develop its activities in Asia.

This transaction is complemented by a separate agreement signed on March 31, 2020, allowing Tencent Music Entertainment to acquire a minority stake in the capital of the UMG subsidiary owning its Greater China operations.

Following the success of this significant strategic transaction, Vivendi announced that it pursues its plan to sell additional minority interests in UMG, and that a listing is planned at the latest in 2022.

Hottinguer Corporate Finance acted as financial investor to Vivendi with respect to this transaction. Advisors to Vivendi:

  • Hottinguer Corporate Finance – financial advisor (Mr. Pierre de Bousingen, Mr. Damien Faucher, Mr. Adrien Masson, Mr. Omar Essaid El Feydi)
  • Pwc Transaction Services – financial vendor due diligence (Mr. Erwan Colder, Mr. Frédéric Spielrein, Mrs. Ghislaine Chevalier)
  • Bompoints Avocats – legal advisor (Mr. Dominique Bompoint, Mrs. Caroline Bellot)

Contact:
Banque Hottinguer

63, rue de la Victoire, 75009 Paris
Phone: +33.1.40.23.25.00
E-mail: lgrange@hottinguer.com
Hottinguer Corporate Finance
63, rue de la Victoire
75009 Paris, France
Phone: +33.1.40.23.25.25
E-mail: hcf@hottinguer.com
44, rue de la République
69002 Lyon, France
Phone: +33.4.81.09.83.06
E-mail: xmaitre@hottinguer.com
Website: https://www.banque-hottinguer.com/

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