Vivendi [EPA:VIV] acquires a majority stake in Radionomy Group – one of the major global player in the digital radio industry.
Clipperton Finance acted as sole financial advisor to Radionomy’s shareholders.
Paris – 17th December 2015 – Clipperton Finance, a leading European corporate finance firm focused on the Technology and Media industries, announced the closing of the sale of a 64% stake in Radionomy Group, a major global player in the digital radio industry, to the Vivendi Group, the integrated media and content group. The Vivendi Group has become Radionomy’s majority shareholder alongside its founder Alexandre Saboundjian, its employees and Union Square Ventures.
Radionomy is best known as an Internet platform that allows digital radios to broadcast and monetize their programs on a global scale. The platform also offers FM radio stations unique tools to develop and monetize their digital presence. Today, over 57,000 radio stations are using these tools. Radionomy Groupowns the streaming technology SHOUTcast as well as the iconic Winamp audio player. It also controls TargetSpot, the first digital audio advertising network in the United States and in France.
Vivendi’s capital investment in Radionomy Group will provide an impetus for its commercial development, supported by the promising outlooks for the advertising and digital audio markets all over the world. Radionomy is also very well positioned to capitalize on the expected evolution of the digital audio market towards targeted advertising, thanks to its technical tools and its partnerships.
Commenting on the transaction, Alexandre Saboundjian, founder and CEO ofRadionomy Group said “We look forward to joining the Vivendi Group. I am excited about the perspective of a collaboration with the Vivendi businesses that will allow us to develop a number of innovative offers and capture a greater share of the growing digital audio advertising market.”
This acquisition represents another successful trade sale for Clipperton and further underlines its expertise in the ad tech and digital media sectors.
For more information, please contact:
Clipperton
Thomas Neveux, Partner, tneveux@clipperton.net
Baptiste Clair, Senior Associate, bclair@clipperton.net
Caroline Landré, Senior Associate, clandre@clipperton.net
About Clipperton
Clipperton is a European independent corporate finance advisory firm exclusively dedicated to the Technology and Healthcare industries, advising innovative companies on M&A transactions, debt financings and equity offerings. With offices in London, Berlin, and Paris and an international reach, Clipperton is a European leader in Technology financial advisory. Over the past 15 years, the team has successfully completed more than 150 high profile transactions globally.
For more information, visit www.clipperton.net