Earl Street Capital Buys Independent Label & Distributor Koch
Now pay attention, because this gets confusing with all the different names…
Entertainment One, the concern that owns Independent label and distributor Koch, is being bought out by the UK’s Marwyn Investment Management under the moniker Earl Street Capital Ltd.
Earl Street has entered into a conditional agreement to buy all of Entertainment One for $167 million including an estimated debt of $58.6 million. Entertainment One had originally purchased Koch in 2005 for approximately $80 million. To make the purchase, Earl Street will attempt to raise equity from a stock offering to fund the acquisition and provide working capital. TD Bank will underwrite the hefty debt.