LONDON (Brand Republic) - The Mean Fiddler Group, the UK music promoter, is to list on the AIM, the London-based alternative investors market, after a reverse takeover by its internet spin-off Meanfiddler.com.
The cash-and-share deal will create a combined entity worth about £48m and the reverse takeover is expected to raise £10m.
The Mean Fiddler was founded 18 years ago, when furniture-shop owner Vince Power bought a music venue in north London.
The group has the exclusive digital and online broadcasting rights for its venues, and the internet spin-off, meanfiddler.com, has an agreement to sell 20% of the group鈥檚 tickets in 2001. Meanfiddler.com floated on the AIM last May.
www.meanfiddler.com