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Press Release

Fieldfisher advises EVR Holdings on acquisition of virtual reality music company



United Kingdom

Team advises on acquisition of VR content production company.

European law firm Fieldfisher has advised AIM-quoted EVR Holdings (previously Armstrong Ventures), a media, technology and healthcare investment company, on its £5.12m acquisition of MelodyVR, and the re-admission of the company's enlarged share capital to trading on AIM.

MelodyVR is a virtual reality content production and distribution company which has, since its incorporation in April 2015, developed technologies, products and services that enable users to access 'live' performances that they're unable to attend in person. A number of technology companies are currently manufacturing VR headsets that will enable access to MelodyVR content, including Sony, Google, Samsung and HTC. MelodyVR holds a number of contracts with music brands and event partners granting MelodyVR exclusive rights to create and exploit 360 degree virtual reality content.

Brad Isaac, partner in the firm's Corporate practice, led the deal team, with support from lawyers across the Corporate, Tax, Finance and Technology practices, including Ed Westhead, Tom Ward,  Jennifer Martin, Joanna Keating and Emily Purdy.

Fieldfisher is recognised as a market leader in the technology sector, advising clients from a start-up through to multinational corporations on all aspects of technology, including data privacy, outsourcing, commercial agreements, IT and M&A from its offices across Europe, Silicon Valley and Shanghai.

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