Epidemic Sound AB is considering a sale or IPO that could value the Swedish production music business at more than $1.2 billion dollars, according to people familiar with the matter.
The company is working with an adviser to explore options, says an anonymous source with knowledge of the matter. Epidemic Sound’s backers include venture capital investors Atwater Capital and Creandum as well as private equity firm EQT AB.
Deliberations are ongoing, and no final decisions have been made, according to the source. Representatives for Creandum, Epidemic and EQT declined to comment. A spokesperson for Atwater couldn’t immediately be reached for comment.
Founded in 2009, Stockholm-based Epidemic offers a library of restriction-free music that can be used by everyone from professional film producers to social media influencers seeking soundtracks for online content.