Co announces it and Gaiety Investments have together completed the acquisition of a 56% interest in Academy Music Holdings Limited from RJD Partners. A.M.G owns and operates 12 live music venues which annually host over 2,500 events attracting 3+ mln fans. The co says the acquisition of A.M.G substantially accelerates it’s UK music venue strategy and builds on its already strong partnership with Gaiety, with whom it already owns Mean Fiddler Holdings Ltd., the company behind the successful Reading and Leeds and Latitude festivals. The transaction values A.M.G at $114.0 mln, including the assumption of $56.9 mln of bank debt and third-party shareholder loans. For the twelve months ended Dec 31, 2006, A.M.G generated $11.6 mln of Adjusted EBITDA. A.M.G is expected to demonstrate strong growth as it rolls out new venues (including two new venue leases AMG has recently signed), younger venues mature and revenue and supply synergies from the combination with Live Nation and Gaiety are realized.