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Rich Lister-backed Vinyl Group in equity raise to fund acquisition

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Vinyl Group, the ASX-listed music company that counts WiseTech billionaire Richard White as a major investor, launched a $7.5 million rights issue on Tuesday to fund a series of acquisitions made this year, Street Talk understands.

WiseTech founder Richard White (right) and Vinyl Group CEO Josh Simons. Wolter Peeters

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/rich-lister-backed-vinyl-group-in-equity-raise-to-fund-acquisition-20241217-p5kyyv