Cases and Deals

Blank Rome Represents Adara Acquisition Corp. In Closing Its Combination with Alliance Entertainment Holding Corporation

A Blank Rome team represented Adara Acquisition Corp., a publicly traded special purpose acquisition company, or SPAC, in closing its business combination with Alliance Entertainment Holding Corporation, on February 10, 2023. The pro forma equity value of the transaction was approximately $480 million at the time of closing.

Alliance is a leading global wholesaler, direct-to-consumer distributor and e-commerce provider for the entertainment industry. Alliance serves as the gateway between well-known international branded manufacturers of entertainment content.

For more information, please read Alliance Entertainment Completes Business Combination with Adara Acquisition Corp. (press release, February 10, 2023).

The Blank Rome team was led by Brad L. Shiffman, Kathleen A. Cunningham, and Peter Melampy.