Ashurst advises JP Morgan Cazenove on $468.8m recommended takeover of Round Hill Music

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    Global law firm Ashurst is advising J.P. Morgan Cazenove as financial adviser to Alchemy Copyrights, LLC (trading as Concord) on the recommended $468.8 million takeover announced by Concord to acquire the entire issued and to be issued share capital of Round Hill Music Royalty Fund Limited.

    Round Hill is an investment company listed on the Premium Listing Segment of the London Stock Exchange's Main Market, managed by Round Hill Music LP as its external investment manager. The Round Hill portfolio is diversified by income stream and music genre, with 51 catalogues totalling over 150,000 songs and includes music performed by artists such as Alice In Chains, Bonnie Tyler, Bruno Mars and Celine Dion.

    Concord is a full-service music and theatrical rights company with an extensive new release artist and writer programme. Its global team provides artists, songwriters, playwrights and composers with creative and administrative support in sync, licencing, marketing, promotion and A&R.

    The Ashurst team was led by partners Tom Mercer, Tim Rennie and Harry Thimont, supported by senior associate Kirsty Huen and associate Colin Bugler.