Van Campen Liem had the pleasure to advise the Pythagoras Music Fund on the purchase and transfer of all shares in the capital of Nanada Music B.V. (music copyrights) and Red Bullet B.V. (master recordings) from its owner and founder Willem van Kooten, a pioneer and an icon of the Dutch music industry.
The music industry is going through a phase of strong growth, and streaming shifted the music industry towards a recurring revenue business.
The catalogue contains approximately 30,000 copyrights and 6,500 master recordings, with many important (Dutch) artists such as Andre Hazes senior & junior, Het Goede Doel, BZN, Earth & Fire and Sandy Coast, as well as the master and publishing rights to Shocking Blue’s Venus, which reached the no 1 position in the Billboard singles chart by three different artists. Golden Earring’s Radar Love is another iconic recording that achieved tremendous international success.
Press coverage on the acquisition is available through the following URL: https://fd.nl/bedrijfsleven/1413420/private-equityfonds-pythagoras-koopt-muziekrechten-willem-van-kooten.
The Van Campen Liem team consisted of Martijn Stuart, Jos Kroep and Martina Priekaar. Emile Bongers advised on tax aspects of the deal.
Van Campen Liem has assisted Mill Reef Capital as lead counsel on all the legal, tax and regulatory aspects related to the formation and successful closing of Mill Reef Capital Fund SCS at the hard cap of EUR 180 mio. Van Campen Liem also assisted on the fundâ€™s credit facility and certain secondary transactions.Â
The investor base of Mill Reef Capital Fund SCS includes reputable institutional investors such as insurance companies, corporate and public pension plans as well as family offices.
Mill Reef Capital Fund SCS will focus on smaller and more complex secondary transactions, including preferred equity solutions for funds and portfolio companies as well as financing of single or multiple asset continuation vehicles for the most promising portfolio companies.
Fund formation and secondary fund transactions (including GP-led deals) are among the key areas of expertise of Van Campen Liem.
The Van Campen Liem team on this project includes Marcello Distaso, Svetlana Baraban, JÃ©rÃ©my Muszkatblit, Andrew de Vries, Aldo Schuurman,Â Eleni Kokkinou, Ekaterina Lebedeva,Â Ruxandra Pais, Gabriel Amar.