CPPIB-backed eOne acquires Audio Network for $215 mln
Entertainment One (eOne) has acquired Audio Network Ltd, a London-based creator and publisher of music for use in film, television, advertising and digital media. The purchase price was about US$215 million ($286 million). EOne, a Toronto-based entertainment content studio, said the acquisition will add to its capabilities as a music brand. EOne is a portfolio company of Canada Pension Plan Investment Board (CPPIB). In 2015, CPPIB acquired a minority interest from Marwyn Investment Management for $290 million. Audio Network was backed by Stripes Group, a U.S. growth equity firm.
15 April 2019•4 mins read
