Hottinguer Corporate Finance advises Vivendi on the disposal of an additional 2.9% stake in Universal Music Group (« UMG ») to Pershing Square Holdings and affiliates based on an enterprise value of €35 billion for 100% of UMG’s share capital

Press release │ September 9th, 2021

Vivendi announced on September 9th, 2021 that it sold 2.9% of UMG’s share capital to Pershing Square Holdings and affiliates, which are managed by Mr. William Ackman, for a price of USD 1.149 billion based on an enterprise value of €35 billion for 100% of UMG’s share capital.

Considering the 7.1% stake it already owns, Pershing Square now holds 10% of UMG’s share capital.

Vivendi as well as Pershing Square Holdings and affiliates entered into discussions on June 4, 2021, for the acquisition of 10% of Universal Music Group (UMG)’s share capital owned by Vivendi, before the distribution of 60% of UMG’s share capital to Vivendi’s shareholders and the listing of the company scheduled for September 21.

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

Hottinguer Corporate Finance previously advised Vivendi on the acquisition of the 7.1% UMG stake already
owned by Pershing Square

Liste des conseils de Vivendi :

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

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Hottinguer Corporate Finance
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