Kirkland & Ellis advised Silversmith Capital Partners and its portfolio company, DistroKid, in the transaction.
DistroKid received a substantial investment from global private equity and venture capital firm Insight Partners that values the company at $1.3 billion. The investment is expected to fuel the continued development of DistroKid’s industry-leading suite of tools for musicians. Silversmith Capital will retain a meaningful ownership position going forward and remain on DistroKid’s board.
Founded in 2013, DistroKid distributes 30-40% of all new music in the world. More than 2 million artists rely on DistroKid, including hobbyists, up-and-coming musicians, top influencers, and international stars.
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.
The Kirkland team was led by corporate partner Christian Atwood (Picture) and associates Nils Remole, Tony Gonzalez, and Molly Boyd, with support from tax partners Lee Morlock and Christine Lehman and associate Simona Brooks, intellectual property partners Rory Wellever and Seth Traxler and associate Joana Schlingbaum, international trade partner Carrie Schroll and associate Natalie Gallon, antitrust partners Carla Hine and Thomas Wilson, debt finance partner Josh Peary, real estate partner Roberto Miceli, and environmental partner Carleigh Trappe Rodriguez.
Involved fees earner: Christian Atwood – Kirkland & Ellis; Molly Boyd – Kirkland & Ellis; Simona Brooks – Kirkland & Ellis; Natalie Gallon – Kirkland & Ellis; Tony Gonzalez – Kirkland & Ellis; Carla Hine – Kirkland & Ellis; Christine Lehman – Kirkland & Ellis; Roberto Miceli – Kirkland & Ellis; Lee Morlock – Kirkland & Ellis; Josh Peary – Kirkland & Ellis; Nils Remole – Kirkland & Ellis; Carleigh Trappe Rodriguez – Kirkland & Ellis; Joanna Schlingbaum – Kirkland & Ellis; Carolyn Schroll – Kirkland & Ellis; Seth Traxler – Kirkland & Ellis; Rory Wellever – Kirkland & Ellis; Thomas Wilson – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;
Clients: Silversmith Capital Partners;