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10 de noviembre de 20232 minute read

DLA Piper advises HIFI in its business combination with Block

DLA Piper represented RCRDCLUB Corporation dba HIFI, a music-industry fintech startup, in its business combination with Block (formerly “Square”), the Jack Dorsey-founded global technology company with a focus on financial services.

Founded in 2011, HIFI is a financial planning platform for artists, enabling them to track and receive income against future royalty streams through a dashboard that aggregates data from music labels, distribution services, music publishers and performing rights organizations.

“We were pleased to work with HIFI, our long-standing emerging growth client, and combine our deep M&A and industry experience to bring this deal together. The business combination with Block provides HIFI the opportunity to further its mission and expand its market presence, which we believe can transform the music industry,” said Charles Torres, the DLA Piper partner who led the deal team.

In addition to Torres (New York), the DLA Piper team included partners Adam Brenner (New York) and Jordan Bailowitz (Baltimore) and associates Maria Rydder and Emily Goodwin (both in New York), Austin McCarthy (Boston) and Daniela Pardo (Palo Alto). The corporate team was supported by partners Bill Bartow (Philadelphia), James Duchesne and Keith Ranta (all Washington, D.C.), and Sarah Tauman (San Francisco); and associates Bryan Card (San Diego) and Amanda Rooney (Northern Virginia).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers who provide strategic counsel to emerging companies in high-growth industries, including technology, healthcare, pharma & biotech, financial services, manufacturing, and communications. Over the last three years, DLA Piper has completed more than 2,100 financings globally totaling over US$80 billion.