{"id":9119,"slug":"catalogue-sale-multiple-summary-statistics","title":"Catalogue sale multiples: the headline figures recomputed from the 17 disclosed deals","source":"Computed from this desk's reservoir-disclosed-catalogue-acquisition-multiples dataset, itself transcribed from Reservoir Media's Exhibit 99.1 investor presentation filed with the SEC on 18 August 2026","source_url":"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1824403\/000110465926098354\/tm2623312d1_ex99-1.htm","source_type":"computed","method":"Every row is recomputed by this desk from the 17 transcribed deal rows, not copied from the filing's summary slide, so that the weighting is explicit and checkable. The purchase-price-weighted multiple is sum(price multiplied by multiple) divided by sum(price), which reproduces the filing's own stated 15.5x entry multiple and its 3.9x stated reduction, confirming that the filing weights by capital deployed rather than taking a simple mean. The unweighted mean is the arithmetic mean of the 17 multiple_at_close values. The aggregate ratio is total purchase price divided by total annual net share at close, which is a different and lower number because it gives no extra weight to high-multiple deals. Median, minimum and maximum are of multiple_at_close across all 17 rows. Totals are in USD millions as the filing reports them. The growth row is total annual net share in FY2026 divided by total annual net share at close, minus one, expressed as a percentage. Rows ending in USD restate the USD-million rows above them at full scale, multiplied by one million, and carry no more precision than the filing's one decimal place. The since-inception capital figure is the filing's own statement on its platform slide, '$995M of that amount in acquisitions of catalogs and companies' as of 30 June 2026; the coverage share is the 17 deals' $537.7m divided by that $995m. The rose, fell and unchanged counts compare net_share_fy2026_usd_m against net_share_at_close_usd_m row by row, at the one decimal place the filing publishes, so a deal moving by less than $50,000 would be counted as unchanged.","unit":"ratio","license":"Afrobeats Wire's compilation and analysis are licensed CC BY 4.0. Rights in the underlying source data remain with the source named above.","confidence":"high","retrieved":"2026-11-04 22:49:38","n":34,"first_party":0,"columns":[{"key":"metric","label":"Metric","type":"text"},{"key":"value","label":"Value","type":"number"},{"key":"value_unit","label":"Unit","type":"text"}],"rows":[{"metric":"Deals disclosed with both a price and an earnings base","value":17,"value_unit":"deals"},{"metric":"Total purchase price across the 17 deals, USD m","value":537.7,"value_unit":"usd_m"},{"metric":"Total annual net share at close, USD m","value":36.3,"value_unit":"usd_m"},{"metric":"Total annual net share in FY2026, USD m","value":53.4,"value_unit":"usd_m"},{"metric":"Purchase-price-weighted multiple at close","value":15.5,"value_unit":"times"},{"metric":"Purchase-price-weighted multiple on FY2026 earnings","value":11.6,"value_unit":"times"},{"metric":"Weighted reduction in multiple since close","value":3.9,"value_unit":"times"},{"metric":"Unweighted mean multiple at close","value":14.8,"value_unit":"times"},{"metric":"Median multiple at close","value":14.4,"value_unit":"times"},{"metric":"Lowest multiple at close","value":10.1,"value_unit":"times"},{"metric":"Highest multiple at close","value":18.7,"value_unit":"times"},{"metric":"Aggregate price divided by aggregate net share at close","value":14.8,"value_unit":"times"},{"metric":"Smallest purchase price in the population, USD m","value":9.5,"value_unit":"usd_m"},{"metric":"Smallest annual net share in the population, USD m","value":0.5,"value_unit":"usd_m"},{"metric":"Weighted multiple, deals closing 2012 to 2019","value":12.4,"value_unit":"times"},{"metric":"Deals closing 2012 to 2019","value":4,"value_unit":"deals"},{"metric":"Purchase price, deals closing 2012 to 2019, USD m","value":141.6,"value_unit":"usd_m"},{"metric":"Weighted multiple, deals closing 2020 to 2025","value":16.6,"value_unit":"times"},{"metric":"Deals closing 2020 to 2025","value":13,"value_unit":"deals"},{"metric":"Purchase price, deals closing 2020 to 2025, USD m","value":396.1,"value_unit":"usd_m"},{"metric":"Growth in annual net share from close to FY2026, %","value":47.1,"value_unit":"percent"},{"metric":"Total purchase price across the 17 deals, USD","value":537700000,"value_unit":"usd"},{"metric":"Total annual net share at close, USD","value":36300000,"value_unit":"usd"},{"metric":"Total annual net share in FY2026, USD","value":53400000,"value_unit":"usd"},{"metric":"Purchase price, deals closing 2012 to 2019, USD","value":141600000,"value_unit":"usd"},{"metric":"Purchase price, deals closing 2020 to 2025, USD","value":396100000,"value_unit":"usd"},{"metric":"Smallest purchase price in the population, USD","value":9500000,"value_unit":"usd"},{"metric":"Smallest annual net share in the population, USD","value":500000,"value_unit":"usd"},{"metric":"Total capital deployed on acquisitions of catalogues and companies since inception, USD m","value":995,"value_unit":"usd_m"},{"metric":"Share of that capital covered by the 17 disclosed deals, %","value":54,"value_unit":"percent"},{"metric":"Deals whose annual net share rose between close and FY2026","value":12,"value_unit":"deals"},{"metric":"Deals whose annual net share fell between close and FY2026","value":2,"value_unit":"deals"},{"metric":"Deals whose annual net share was unchanged between close and FY2026","value":3,"value_unit":"deals"},{"metric":"Total capital deployed on acquisitions of catalogues and companies since inception, USD","value":995000000,"value_unit":"usd"}]}