Ankündigung • Apr 17
TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million. TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million on April 15, 2025. A cash consideration valued at €15.3 per share will be paid. The board of Believe unanimously favorably welcomed Upbeat BidCo’s intention to file the Offer The transaction is subject to AMF clearance. The Board of Directors of Believe S.A. established an ad hoc Committee for the transaction. The Offer will be filed with the AMF today and, subject to the AMF’s clearance decision, is expected to be open during the second quarter of 2025. After the closing of the Offer, Upbeat BidCo will implement the Squeeze-Out, as the minority shareholders hold less than 10% of the capital and voting rights of Believe. The minority shareholders shall receive a compensation equal to the Offer price in the context of the Squeeze-Out.
Olivier Péronne of FINEXSI, SA, Financial Advisory Arm acted as fairness opinion provider for Believe S.A. Ankündigung • Dec 30
Believe S.A. to Report First Half, 2025 Results on Jul 31, 2025 Believe S.A. announced that they will report first half, 2025 results on Jul 31, 2025 Ankündigung • Aug 07
Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million. Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million on August 6, 2024. The transaction is expected to be completed once all closing conditions, including approval by the Competition Authority, are fulfilled. Ankündigung • Aug 02
Believe S.A. to Report Fiscal Year 2024 Results on Mar 13, 2025 Believe S.A. announced that they will report fiscal year 2024 results After-Market on Mar 13, 2025 Ankündigung • Jul 09
Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL. Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL on July 8, 2024. Believe S.A. (ENXTPA:BLV) completed the acquisition of 25% stake in Global Records SRL on July 8, 2024. Ankündigung • Jun 25
Believe SA Appoints Andrew Fisher as Non-Executive Director Non-Executive Director and Chair Andrew Fisher has been appointed as a non-executive director of Believe SA with effect from 21 June 2024. Andrew will also be a member of their Audit and CSR Committees. Board Change • Apr 08
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Non-Independent Director John Doran is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 08
Warner Music Drops Plans to Bid for France's Believe Warner Music Group Corp. (NasdaqGS:WMG) will not submit an offer to acquire French digital music Believe S.A. (ENXTPA:BLV), the music label said in a statement on April 6, 2024. Warner Music had revealed plans last month to submit a bid of at least €17 ($18.42) per share for Believe, valuing it at €1.65 billion ($1.79 billion), topping an earlier takeover bid from a consortium. The consortium, made up of Believe's shareholders, had offered €15 per share for the company, pegging its value at around €1.52 billion, an offer that was backed by the company's board of directors. Believe said in a statement it will ‘review the situation with all interested parties (including the consortium) to determine next steps in relation to the possible evolution of the company’s control’. Ankündigung • Mar 14
Believe S.A., Annual General Meeting, Jun 26, 2024 Believe S.A., Annual General Meeting, Jun 26, 2024. Ankündigung • Mar 12
Warner Music Discloses Interest in Buying French Believe Warner Music Group Corp. (NasdaqGS:WMG) confirmed it has offered to acquire French record label Believe S.A. (ENXTPA:BLV) at a total equity valuation of no less than EUR 1.65 billion (USD 1.80bn). A potential transaction could value the target company at least EUR 17 per share, based on currently available public information, the suitor said in a statement on March 07, 2024. WMG’s statement came shortly after Believe last month announced that a consortium led by founder and CEO Denis Ladegaillerie, Swedish private equity firm EQT AB and the company's largest shareholder, US venture capital firm TCV, has agreed to acquire a majority stake in the business at EUR 15 per share and then launch a mandatory tender offer to buy the rest of the shares. The US firm noted further in the press release that as opposed to the purely financial transaction contemplated by the consortium, WMG “would provide Believe with strategic support and financial stability to help the development and growth of the Company, including by accelerating its expansion into new geographies. In addition, WMG envisages financial terms that would be more attractive than those announced by the consortium”. Ankündigung • Feb 13
Denis Ladegaillerie, EQT X a fund managed by EQT AB (publ) (OM:EQT) and TCMI Inc. agreed to acquire 71.92% stake in Believe S.A. (ENXTPA:BLV) from Xange Private Equity, S.A., Ventech Capital III a fund managed by Ventech SA, Tcv Luxco Bd S.À R.L. and Denis Ladegaillerie for €1.04 billion. Denis Ladegaillerie, EQT X a fund managed by EQT AB (publ) (OM:EQT) and TCMI Inc. agreed to acquire 71.92% stake in Believe S.A. (ENXTPA:BLV) from Xange Private Equity, S.A., Ventech Capital III a fund managed by Ventech SA, Tcv Luxco Bd S.À R.L. and Denis Ladegaillerie for €1.04 billion on February 11, 2024. BidCo would acquire from TCV Luxco BD S.à r.l., XAnge and Ventech, historical shareholders of Believe, the shares they own in Believe’s capital, representing respectively 41.14%, 6.29% and 12.03% of the capital and 42.85%, 3.93%, and 15.05% of the voting rights. In addition, it is contemplated that Denis Ladegaillerie, the founder, would contribute a portion of his Company shares to BidCo (representing 11.17% of the share capital) and sell the remaining portion (representing 1.29% of the share capital) to BidCo, representing in the aggregate 12.46% of the share capital and 15.59% of the voting rights of the Company. The Consortium has also obtained from other shareholders of the Company undertakings to tender their shares in the Offer. These acquisitions would be completed following the receipt of required regulatory approvals, the issuance of a fairness opinion from the independent expert confirming the fairness of the take private offer and the issuance by the Company’s board of directors (the “Board”) of its recommendation with respect to the Offer, following consultation of the Company’s works council. Following these acquisitions, the Consortium would file a mandatory tender offer, at a price of 15 euros in cash, for the remaining shares of Believe outstanding at the time and, if the legal conditions are met at the end of the offer, will request the implementation of a squeeze-out procedure. On February 11, 2024, the Board of Directors of Believe unanimously welcomed the proposed transaction, without prejudice to the reasoned opinion to be issued by the Board following the submission of the report of the independent expert.
the Board of Directors of Believe has appointed Ledouble, represented by its partners Agnès Piniot and Romain Delafont, to act as the independent expert and establish a report on the financial conditions of the Offer, Believe has appointed Citigroup Global Markets Europe AG and Gide Loyrette Nouel as financial and legal advisers to assist the Company and the ad-hoc committee of the Board of Directors in their evaluation of the Offer. Ankündigung • Feb 09
Believe Further Expands in Japan, Unveils New Imprint Dedicated to Championing Japanese Hip-hop with Y=ellow Bucks, Red Eye, and Issei Uno Fifth Believe announced the launch of 'PLAYCODE', a new imprint dedicated to championing the growing Japanese hip-hop music scene, including partnering with some of Japan's leading acts: Y=ellow Bucks, Red Eye, and Issei Uno Fifth. This launch marks a new step in believe believe's expansion in Japan, less than a year since it began operating in the country, in October 2023. As part of believe Japan's Artist Services offering, 'PLAYCODE' aims at nurturing the booming local hip-hop music scene. It will combine believe's unique digital artist development capacities - strategic, marketing and financial support -, unrivalled local hip-hop expertise, and long-term partnerships with key digital players to accompany its artists at all stages of their careers reach wider audiences and grow their careers locally and internationally. With +450K monthly listeners on Spotify and 66,7K followers on YouTube, ¥ellow Bucks is one of the most influential hip-hop artists in Japan, whose breakthrough hit ‘YESSIR’ cumulates +36M views on YouTube and +25M listens on Spotify to date. After Red Eye winning the 16th High School Rap Championship in 2019, Red Eye has become a force to be reckoned within the hip-hop music scene, cumulating over 500K followers across all social platforms, with his ‘POCKET’ series reaching +8 million streams. Issei Uno Fifth’s massive hit ‘SLIDE’ gained popularity on TikTok, reaching +1.6M streams on Spotify and leading him to be one of the winners of TikTok’s Spotlight Programme. After creating a series of hip-hop focused imprints in Thailand (bYOND), Italy (MAST) and France (Avant-Garde, AllPoints and Morning Glory), the launch of ‘PLAYCODE’ confirms Believe’s long-lasting commitment to nurture and drive hip-hop independent artists to their utmost level all around the world, all the while remaining in full control of their creative freedom and careers. Board Change • Jun 28
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Non-Independent Director John Doran is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 24
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Non-Independent Director John Doran is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 04
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Independent Director Kathleen O’Riordan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 13
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Independent Director Kathleen O’Riordan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Feb 18
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Kathleen O’Riordan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Feb 15
Believe S.A., Annual General Meeting, Jun 16, 2023 Believe S.A., Annual General Meeting, Jun 16, 2023. Board Change • Jan 05
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Kathleen O’Riordan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Kathleen O’Riordan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 18
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Kathleen O’Riordan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jul 29
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Kathleen O’Riordan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
