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Press release
The Fonds Stratégique de Participations increases its shareholding in Believe
The Fonds Stratégique de Participations (FSP), a long-term shareholder of Believe since its listing in
Since its creation in 2013, the Fonds Stratégique de Participations (FSP), financed by seven major French insurers, has provided stable capital to forward-looking companies embodying French excellence, with a view to creating sustainable value. Managed by the asset manager ISALT, the FSP acquires significant long-term shareholdings in such companies while taking part in governance as a member of their Boards of Directors.
The FSP acquired its initial stake in Believe as a cornerstone investor during the IPO in
Today, the FSP is reasserting its commitment to Believe, a privileged partner of digital artists and independent record labels, as well as a driving force behind the new globe-spanning music industry. This operation also testifies to the trust ISALT and the FSP have placed in Believe’s management team, as well as their adherence to the values espoused by the company as a trailblazer shaping the music industry of tomorrow.
About the Fonds Stratégique de Participations
The FSP is an investment vehicle whose shareholders and directors are 7 major French insurance companies: BNP Paribas Cardif, CNP Assurances, Crédit Agricole Assurances,
About ISALT
ISALT is a portfolio management company created in 2020 and specialised in the management of long-term investment funds for professional investors or similar. ISALT’s main activity is the management of the Fonds Stratégique de Participations (FSP). As such, it implements an investment strategy that consists of taking significant long-term stakes in the capital of French companies and sitting on their governance bodies. ISALT’s objective is to provide stable capital, to identify value creation levers within companies and to ensure that opportunities linked to essential transitions are at the core of their development strategy. www.isalt-gestion.com
About Believe
Believe is one of the world’s leading digital music companies. Believe’s mission is to develop independent artists and labels in the digital world by providing them the solutions they need to grow their audience at each stage of their career and development. Believe’s passionate team of digital music experts around the world leverages the Group’s global technology platform to advise artists and labels, distribute and promote their music. Its 1,610 employees in more than 50 countries aim to support independent artists and labels with unique digital expertise, respect, fairness and transparency. Believe offers its various solutions through a portfolio of brands including TuneCore, Nuclear Blast, Naïve, Groove Attack and AllPoints. Believe is listed on compartment A of the regulated market of Euronext Paris (Ticker: BLV, ISIN: FR0014003FE9).
For more information: www.believe.com
ISALT media contact:
9 Rue Duphot, 75001 Paris
patricia.salomon@isalt-gestion.com
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- CP - FSP - BELIEVE -
10 nov 2022 - ENG
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