M&A Deal Summary

Universal Music Group Acquires Ingrooves

On February 12, 2019, Universal Music Group acquired media company Ingrooves from Shamrock Capital Advisors

Acquisition Highlights
  • This is Universal Music Group’s 4th transaction in the Media sector.
  • This is Universal Music Group’s 2nd transaction in the United States.
  • This is Universal Music Group’s 1st transaction in California.

M&A Deal Summary
Date 2019-02-12
Target Ingrooves
Sector Media
Buyer(s) Universal Music Group
Sellers(s) Shamrock Capital Advisors
Deal Type Add-on Acquisition

Target

Ingrooves

Encino, California, United States
Ingrooves is a music marketing and distribution company. The Company provides labels and artists with a global team of experts and a powerful technology framework, giving them transparent distribution tools and marketing solutions to maximize revenue in today’s dynamic music marketplace. Ingrooves was founded in 2002 and is based in Encino, California.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Universal Music Group

Santa Monica, California, United States
Category Company
Sector Media
DESCRIPTION

Universal Music Group, Inc. is a provider of recorded music, music publishing, and merchandising services based in Santa Monica, California..

DEAL STATS #
Overall 5 of 7
Sector (Media) 4 of 6
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Perfect songs

London, United Kingdom

Perfect Songs was formed in 1982 by record producer Trevor Horn and wife Jill Sinclair. Home to a varied catalogue of songs recorded by a wide range of artists including Seal, Frankie Goes To Hollywood, Art Of Noise, Olly Murs, Little Mix, Rudimental, Mark Morrison, Sam and the Womp, Propaganda, 808 State, Lisa Stansfield, Sugababes, Groove Armada, Eminem, Ian Brown, Marsha Ambrosius, Alicia Keys and Michael Jackson. Home to a hugely synch-able catalogue with an impressive history of placements with worldwide brands such as Ralph Lauren, John Lewis, Virgin Atlantic, Littlewoods, Joe Fresh, K-Mart, Southern Comfort, The X Factor, Victoria’s Secret, BooHoo, Hyundai and the 2016 Superbowl.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-30 Chabaka

Beirut, Lebanon

Chabaka provides digital distribution, marketing, publishing, and label and artist services in the Middle East and North Africa (MENA) region. Chabaka was founded in 2013 and is based in Beirut, Lebanon.

Buy -

Seller(S) 1

SELLER

Shamrock Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 3.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Shamrock Capital Advisors is a private investment focused exclusively on the media, entertainment, marketing, and communications sectors. The Firm will consider both control and minority positions and looks to commit $30 to $300 million per transaction. Target transactions include growth equity, leveraged/management buyouts, and recapitalizations. Shamrock was originally formed in 1978 as the investment vehicle for Roy Disney. The Firm is based in Los Angeles, California.

DEAL STATS #
Overall 21 of 27
Sector (Media) 5 of 7
Type (Add-on Acquisition) 7 of 11
State (California) 8 of 10
Country (United States) 20 of 25
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 Questex

New York, New York, United States

Questex is a global business information and events company serving corporate clients and industries that are driving economic growth and business innovation around the world. Questex was founded in 2005 and is based in New York city.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 DeCurtis

Orlando, Florida, United States

DeCurtis provides software solutions across the cruise line, theme park, hospitality, restaurant, and related industries where high-quality technology is critical to sustainable growth. DeCurtis was founded in 1998 and is based in Orlando, Florida.

Buy -
Mergr

Product

Company

Legal