Tiny Ltd. Acquires Serato Audio Research in $66M Deal, Roth Canada Leads Financing
Tiny Ltd. has completed a significant acquisition of Serato Audio Research, a global audio software company, for $66 million, with Roth Canada serving as exclusive financial advisor and co-leading a $56.1 million financing package.
Tiny Ltd. (TSX.V: TINY) has acquired a 66% stake in Serato Audio Research, a leading global audio software company, in a transaction valued at US$66 million. The deal comprises US$23.6 million in Tiny common shares and US$42.4 million in cash, representing a valuation of 3.2x annualized revenue and 9.6x adjusted EBITDA based on financial results for the nine months ending September 30, 2024.
Roth Canada played a pivotal role in the transaction, serving as the exclusive financial advisor and co-leading significant financing efforts. The financing package includes a C$20 million bought deal public offering of 17.4 million subscription receipts and a C$36.1 million private placement of convertible debentures, totaling C$56.1 million.
The strategic acquisition underscores the growing importance of digital audio platforms and highlights Roth Canada's commitment to supporting high-growth technology businesses. By securing a majority stake in Serato, Tiny Ltd. positions itself to leverage the audio software company's global market presence and technological capabilities.