Loyens & Loeff advised Vivendi on the sale of a 10% stake in Universal Music Group to a Tencent led consortium, at an enterprise value of €30 billion
Loyens & Loeff advised Vivendi on the sale of a 10% stake in Universal Music Group to a consortium led by Tencent, at an enterprise value of €30 billion.

Loyens & Loeff advised Vivendi on the sale of a 10% stake in Universal Music Group to a Tencent led consortium, at an enterprise value of €30 billion. The consortium has the option to acquire up to an additional 10% equity stake in Universal Music Group at the same enterprise value until January 15, 2021.
Universal Music Group is the world’s leading music company, owning and operating businesses engaged in music publishing, recorded music, merchandising and audiovisual content. Vivendi is a worldwide operating French conglomerate owning powerful and complementary assets throughout the media value chain, such as in music (Universal Music Group), movies and series (Canal+ Group), publishing (Editis) and mobile games (Gameloft). Tencent is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps QQ Music, Kugou Music, Kuwo Music and WeSing.
The Loyens & Loeff team consists of Wouter Kros, Michel van Agt, Antoinette van der Hauw, Stijn Werdmölder, Dries Fransen van de Putte, Gerco van Eck, Jeannette van Rees (Corporate / M&A), Marcel Buur, Gerjan van Eijk, Louis Lutz, Sandrine Lekkerkerker (Tax), Klaas Wiersma and Gina Hensen (Employment).
Wouter Kros
Senior associate Attorney at lawWouter Kros, attorney at law, is a senior associate in the Corporate/M&A practice group.
T: +31 20 578 51 75 M: +31 6 10 89 63 76 E: wouter.kros@loyensloeff.comAntoinette van der Hauw
Partner Attorney at lawAntoinette van der Hauw, attorney at law, is a member of the Corporate/M&A practice group. She specialises in (national and international) corporate law transactions and joint ventures. Antoinette focuses on private equity transactions and management participation. Antoinette also has extensive experience in the field of warranty & indemnity insurance.
T: +31 20 578 52 29 M: +31 6 23 52 59 92 E: antoinette.van.der.hauw@loyensloeff.comStijn Werdmölder
Associate Attorney at lawStijn Werdmölder, attorney at law, is a member of the Corporate / M&A practice group in our Amsterdam office. He mainly focuses on private equity and technology acquisitions. He is also a member of the Brexit team.
T: +31 20 578 55 18 M: +31 6 83 00 94 60 E: stijn.werdmolder@loyensloeff.comDries Fransen van de Putte
Associate Attorney at lawDries Fransen van de Putte, attorney at law, is a member of the Corporate practice group of our firm. He is also a member of the life sciences team and the healthcare team of Loyens & Loeff.
T: +31 20 578 56 34 M: +31 6 22 10 94 21 E: dries.putte@loyensloeff.comGerco van Eck
Partner Civil law notaryGerco van Eck, civil law notary, is a member of the Corporate Law practice group.
T: +31 10 224 64 83 E: gerco.van.eck@loyensloeff.comMichel van Agt
Partner Senior Deputy Civil Law NotaryMichel van Agt, partner, is a member of the Corporate practice group in our Amsterdam office. He is also a member of the Capital Markets team.
T: +31 20 578 52 61 M: +31 6 10 89 85 88 E: michel.van.agt@loyensloeff.comMarcel Buur
Partner Tax adviserMarcel Buur, tax expert, is member of Loyens & Loeff’s Corporate Tax Services practice, the Transactional Tax Team and the Tax Opinion Committee.
T: +31 10 224 65 07 E: marcel.buur@loyensloeff.comGerjan van Eijk
Associate Tax adviserGerjan van Eijk, tax adviser, is a member of our Corporate Tax Services group and specializes in Dutch corporation tax and dividend withholding tax.
T: +31 10 224 62 46 M: +31 6 53 42 62 75 E: gerjan.van.eijk@loyensloeff.comLouis Lutz
Partner Tax adviserLouis A. Lutz, tax adviser, is a member of the International tax practice group.
T: +31 20 578 54 45 E: louis.lutz@loyensloeff.comSandrine Lekkerkerker
Associate Tax lawyerSandrine Lekkerkerker, tax lawyer, is a member of the International Tax Services practice group in our Amsterdam office. She focuses on Dutch corporate tax and Tax M&A and is a member of the Tax M&A team.
T: +31 20 578 58 75 M: +31 683 20 33 47 E: sandrine.lekkerkerker@loyensloeff.comKlaas Wiersma
Partner Attorney at lawKlaas Wiersma, attorney at law, is the chairman of the Employment & Benefits practice group in the Netherlands. He has over 20 years’ all-round experience in employment law, with a particular focus on the employment aspects of, mostly international, M&A-deals, co-determination procedures, restructurings and collective dismissals, and cross-border employment.
T: +31 20 578 59 60 E: klaas.wiersma@loyensloeff.comGina Hensen
Associate Attorney at lawGina Hensen, attorney at law, is a member of the Competition & Regulatory practice group.
T: +31 20 578 53 32 M: +31 6 10 89 79 77 E: gina.hensen@loyensloeff.com