Epidemic Sound brings in EQT Growth and Blackstone Growth to support its next phase of development
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STOCKHOLM, March 11, 2021 /PRNewswire/
EQT Growth and funds managed by Blackstone Growth invest USD 450 million in Epidemic Sound, the market leading platform for restriction-free music, in a transaction valuing the company at USD 1.4 billion
EQT Growth will, together with Epidemic Sound s other shareholders, support international expansion in both existing and new markets, and accelerate customer acquisition as well as investments in the core user experience
EQT Mid Market Europe, which invested in Epidemic Sound in 2017, remains committed to long-term growth and continues to back the Company alongside the other investors
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The Top 25 Growth Equity Firms of 2020
Share Article NEW YORK (PRWEB) February 17, 2021 GrowthCap is pleased to announce The Top 25 Growth Equity Firms of 2020. Greatness in growth equity investing is defined by much more than a firm’s ability to produce strong financial returns. In fact, solid returns are table stakes for being in the game. From a bird’s eye perspective, hundreds of growth equity firms are founded and exist on the premise of deploying and harvesting capital with limited focus on how they actually help companies build real value. There are, however, a select segment who think deeply about what they are trying to accomplish, how they are going to get there and with whom. These are the firms that deserve special recognition – these are the firms who earned a spot on GrowthCap’s Top 25 Growth Equity Firms of 2020 awards list.
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Blackstone (NYSE:BX) today announced the appointment of Jeff Margolis, former Chairman and CEO of TriZetto and the prior CEO and current Chairman of Welltok, Inc., as a Senior Advisor. Mr. Margolis brings more than 35 years of knowledge and experience growing innovative healthcare technology and service organizations, from early-stage through category-leadership, to advise Blackstone and its portfolio companies.
Ram Jagannath, a Senior Managing Director at Blackstone, said: “We’re thrilled to have Jeff join us as a Senior Advisor as we continue to identify and back innovators in the healthcare space. His strategic expertise in applying advanced technologies to address the complex challenges across the healthcare ecosystem will help our team better invest in, and support, the evolution and expansion of leading businesses in this industry.”