BDO undertook vendor due diligence on behalf of HMV plc in relation to the sale of MAMA Group Limited, the live music venue and festival business. BDO subsequently undertook top up due diligence for the eventual buyer, LDC.
MAMA runs a nationwide network of well-established, iconic venues with a great heritage, which have featured legendary live performances from artists including Amy Winehouse, Arctic Monkeys, The Killers, Jack White, Joni Mitchell, The Cure, Kasabian and Rihanna. MAMA's stable of festivals includes international music brands Global Gathering, Godskitchen and UK based events Lovebox, The Great Escape and Wilderness.
The transaction provides a strong platform for the management team to pursue a buy-and-build strategy targeting both UK and overseas opportunities.