LDC has bought Mama Group, the live music division of entertainment retailer HMV, for £7.3m.
With LDC's support, Mama will pursue a buy-and-build strategy targeting both UK and overseas acquisition opportunities. Out of the total transaction value, £3.5m will reportedly be deferred for 12 months...
LP has previously made investments in CVC's European funds, as well as many mid-market funds
First funding round will support the group's expansion overseas
Shares are placed at €31.60 apiece, which would bring total proceeds up to €411m
Allianz will secure a minority stake, and a representative will join the management board