Tiny Ltd. Acquires Serato Audio Research in $66M Deal, Roth Canada Leads Financing
TL;DR
Acquiring 66% of Serato Audio Research gives Tiny Ltd an edge in the audio software market.
Tiny Ltd purchased 66% of Serato Audio Research for US$66 million with a mix of cash and shares.
The acquisition by Tiny Ltd of Serato Audio Research aims to enhance audio technology for a better user experience.
Interesting news: Roth Canada facilitated a multimillion-dollar acquisition and financing deal for Tiny Ltd and Serato Audio Research.
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Tiny Ltd. (TSX.V: TINY) has acquired a 66% stake in Serato Audio Research for US$66 million, marking a strategic expansion in the digital audio technology sector. The transaction, valued at a multiple of 3.2x annualized revenue and 9.6x adjusted EBITDA, was structured with US$23.6 million in Tiny common shares and US$42.4 million in cash.
Roth Canada played a pivotal role in the acquisition, serving as the exclusive financial advisor and co-leading a comprehensive financing package. The financing included a C$20 million bought deal public offering of 17.4 million subscription receipts and a C$36.1 million private placement of convertible debentures, bringing the total transaction financing to C$56.1 million.
This acquisition signals Tiny Ltd.'s strategic growth in the global audio software market, potentially positioning the company to leverage Serato's technological expertise and market presence. The transaction demonstrates Roth Canada's commitment to supporting high-growth technology businesses through complex mergers, acquisitions, and capital market activities.
Curated from InvestorBrandNetwork (IBN)
