UBC Media Group
About the Client
7digital aims to simplify access to the world’s music and radio. 7digital’s robust, scalable digital music platform and flexible APIs are used to power comprehensive music and radio services for leading consumer brands, mobile carriers, broadcasters, automotive systems, retailers, record labels, artists and agencies. Alongside proven technology, the company offers global music rights, award-winning radio production services, and content management expertise, making 7digital a leading global partner in the space. 7digital is listed on AIM in London.
About the Deal
GP Bullhound have acted as financial advisor to 7digital on a reverse merger with UBC Media involving a listing on AIM and a fundraise of £7m. The combination of 7digital and UBC Media has created a powerful business-to-business supplier at the heart of the fast developing global industry in digital music and radio. This industry is moving quickly from the traditional “download to own” model to streaming services with curation, which come much closer to traditional online radio models.
“This is a very exciting development, the launch of a new company which brings together the best of digital music and radio at a time of enormous change and opportunity in both industries. New funding gives us a significantly strengthened balance sheet and a world-leading technology platform to move ahead of the changing market.”
– Simon Cole, CEO, 7digital
“I have known GP Bullhound for many years and I have enjoyed working with them during this complex process. A reverse-merger and a simultaneous fundraise is not simple but the team were there every step of the way. We are looking forward to continuing the relationship as 7digital builds from here.”
– Ben Drury, Chief Strategy Officer, 7digital
“We have worked with the leaders in the digital music sector over the last decade including Shazam, Spotify, we7 and now 7digital. We continue to believe there are great opportunities for brands, radio groups and others to embrace the new streaming world and launch exciting new services powered by 7digital.”
– Hugh Campbell, Managing Partner, GP Bullhound