Imagesound

Canaccord Genuity Acts as Financial Adviser to Imagesound on its Sale to Livingbridge

Canaccord Genuity is pleased to announce that its client, Imagesound Group Limited (“the Group”), a portfolio company of ECI Partners (“ECI”), has completed its sale to Livingbridge EP LLP (“Livingbridge”). Canaccord Genuity acted as exclusive financial adviser to the Group and its shareholders.

Imagesound is a tech-enabled digital media service company with over 65,000 music zones. It operates two brands across a global footprint, operating in 160 countries. Imagesound provides in-store audio and visual solutions to a large number of blue-chip retail and leisure customers. Musicstyling delivers a highly curated and bespoke service to high-profile international hotel and cruise groups.

ECI partnered with Imagesound in 2016, and since then the business has transformed from being predominantly UK-based, with just 10% of revenues coming from outside the UK, to a truly global company. International revenues now account for more than half of total Group revenues and Imagesound has also significantly expanded its international presence with new offices in Miami, Shanghai and Dubai. The business has also completed four acquisitions, further strengthening its global market position.

This investment from Livingbridge will support Imagesound’s ambitions to grow significantly, particularly through gaining further market share in the US and APAC and undertaking new acquisitions.

"Canaccord had tracked the business for several years before their appointment and utilised significant industry knowledge from their North American team to fully understand the potential of Imagesound, the strength of its offering and its competitive positioning. This informed understanding enabled the Canaccord team to win the mandate and identify a full suite of potential buyers to maximise value. I was very pleased by the strength and depth of the Canaccord team both in the pitch and, more importantly, the deal execution in which the senior members, Simon and Dylan were visible and engaged throughout. Great job."

-John Hayhurst, Partner at ECI Partners