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...
GPs will support the group's expansion and focus on digitalisation
Fresh capital will be used to improve the platform's technology and expand the company's trader network
Exiting investors reap a 1.7x multiple and 20.5% IRR following the sale
EBRD and Global Finance exit the business after investing €23.5m in 2011