CVC Capital Partners – DistroKid

WA-25041

The transaction concerns the proposed acquisition of 100% of the shares in DK Holdco, LLC (**Target**) by funds or vehicles managed and advised by affiliates of CVC Capital Partners plc (**CVC plc**) (**CVC Funds**, and together with its affiliates and CVC Capital Partners plc and its subsidiaries, **CVC**). The acquirer is Dream HoldCo LLC (**Acquirer**), a newly incorporated company under the laws of Delaware. The Acquirer is controlled by funds or vehicles advised or managed by CVC. The **CVC Network** is a global alternative investment manager focused on private equity, credit, infrastructure and secondaries, and includes CVC plc and each of its subsidiaries from time to time and the CVC Funds. CVC plc is a public limited company whose shares are listed and admitted to trading on the Euronext Amsterdam Stock Exchange. As it relates to the CVC Network’s private equity activities, CVC plc, and certain of its subsidiaries from time to time, provide investment advice to and/or manage investments on behalf of CVC Funds. The Target (trading as **DistroKid**) is an independent digital music distribution platform, enabling musicians and record labels to upload and distribute their music to digital streaming platforms such as Spotify, Apple Music and YouTube. DistroKid also provides ancillary services including royalty collection and distribution and music promotion tools. Upon completion of the transaction, the Acquirer will hold 100% of the interests in the Target, with CVC as the ultimate controlling entity.