EQT, Blackstone back Epidemic Sound in a $450M deal
March 12, 2021
EQT and Blackstone have invested $450 million in Epidemic Sound, the provider of a royalty-free music platform, valuing it at around $1.4 billion. EQT bought a 40% stake in the Stockholm-based company in 2017 and is exiting part of its holding as part of the deal. The investment will allow Epidemic Sound to fund its international expansion plans and accelerate customer acquisition.