Investment Funds team advises Round Hill Music Royalty Fund Limited on $86.5 million placing

2 minute read
02 August 2021

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Gowling WLG's Investment Funds team has advised Round Hill Music Royalty Fund Limited ("Round Hill"), an investment company investing in music copyrights, on its $86.5 million placing of C Shares in conjunction with an application for the C Shares to be admitted to trading on the Specialist Fund Segment of the Official List.

This transaction marks the latest in respect of which Gowling has advised Round Hill. From its successful IPO in November 2020 (raising $282 million) through a secondary issue soon after IPO (raising $46 million), two significant acquisitions and the putting in place of a revolving credit facility.

The Gowling WLG team was led by consultant Nick Heather, assisted by partner John Reed and Chris Kay.

Nick said "We are very pleased to continue to help Round Hill whose IPO represented one of the most successful listed fund launches in 2020. Round Hill has significant growth ambitions and we look forward to assisting with their achievement in the future".

Gowling WLG's Investment Funds team is one of the leading advisers to the investment funds sector, and brings together a wealth of talent covering tax, corporate, finance, regulatory and dispute resolution. With a long-established presence in the industry, the team advises on all types of alternative investment funds in the UK and globally, which invest in a wide variety of asset classes.

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