EQT buys 40% stake in Epidemic Sound

Following the transaction, the founders of Epidemic Sound will retain 40% of the company, and previous series-A lead investor Creandum will see its ownership stake increase to 20%.

With the capital from EQT, the company intends to accelerate its global expansion plans.

The EQT Mid Market fund held a final close in January 2014 on €1.1bn.

Previous funding
Creandum led a $5m series-A funding round for Epidemic in May 2014. The company used the new capital to expand its operations in the Netherlands, Germany, the UK and the US.

Company
Founded in 2009 and headquartered in Stockholm, Epidemic offers music via a cloud-based platform, primarily targeting video content producers, in-store music and streaming platforms. Through a subscription-based model, customers are given access to a music library to use in content production, with all rights included worldwide and irrespective of the platform.

People
EQT – Johan Dettel (partner).
Epidemic Sound – Oscar Höglund (CEO).

Advisers
Equity – White & Case (legal); BCG (commercial due diligence); KPMG (financial due diligence, tax).

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