Légère Reeds Ltd.
Music Center S.r.l. has acquired Légère Reeds Ltd.
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Music Center S.r.l. has acquired Légère Reeds Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to Légère Reeds Ltd. in structuring and negotiating this transaction.
Transaction Brief
Founded in 1998, Légère Reeds Ltd. ("Légère") is a leading producer of premium synthetic clarinet, saxophone, bassoon and oboe reeds, that are used by players in the most prestigious orchestras and on stages around the world.
Music Center S.r.l. ("Music Center") was founded in 1974 and is a leading manufacturer of pads for wind instruments. Music Center is based out of Italy and houses most musical instruments along with all necessary accessories such as amplifiers, cables, strings, reeds, etc.
This transaction provides the shareholders of Légère with liquidity after decades of leading the organization. For Music Center, this transaction bolsters its global presence and portfolio of premium woodwind accessories while contributing to the company's growth objectives.