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.
