Hints and tips:
...KKR last year partnered with BMG, one of the world’s largest music companies, to target acquisitions of music labels and catalogues with a $1bn pool of money....
...The private equity firm is betting that higher interest rates will do little to dampen the returns infrastructure investors are able to generate, even as they cause a dealmaking slump across private markets...
...WFM (work from metasphere) Meta is following its own example in forging a virtual future as its top executives disperse around the globe....
...Almost $250m will go to helping Zegna invest in its menswear business and give it firepower to hunt for other brands to acquire, building on its $500m purchase of US luxury label Thom Browne in 2018....
...It also announced the acquisition of US-based private label distributor Treehouse Foods and ingredient manufacturer Parker Foods....
...“If Blackstone made a cheeky bid, we would tell the board to see every record label on the planet and every other private equity firm” to get the highest possible price for the songs, he says....
...Carlyle, which helped finance a $300mn acquisition of Taylor Swift’s former record label in 2019 in a deal led by Kardashian’s new business partner Jay Sammons, has committed $500mn to buying songs — even...
...In 2019, he led Carlye’s backing of record executive Scooter Braun in buying Taylor Swift’s former label Big Machine Records, embroiling the private equity firm in a feud between Braun and the pop singer...
...the world’s biggest luxury empire by acquiring numerous European labels....
...Its move from private communication to public commodity mirrors Beats’s position in music production....
...One of private equity’s last high-profile forays into music ended in disaster, with Guy Hands’ buyout of British label EMI losing his firm Terra Firma £1.5bn while the veteran investor personally lost £200m...
...(New York Times) News round-up Indian online education start-up Byju’s in talks for record Spac deal (FT) Uefa picks US bank to lead €7bn football financing package (FT) Warner Music to buy record label...
...Private equity groups, specialist buyers such as Hipgnosis, and large music labels have battled for the catalogues of established artists, whose music has enjoyed a new lease on life thanks to streaming....
...It led a consortium which bought the Peppa Pig-maker Entertainment One’s music assets, including the influential hip hop label Death Row Records, from the toy company Hasbro in a $385m deal this year....
...Think of the Beatles’ Sgt Pepper’s Lonely Hearts Club Band, or any of the 1960s’ concept albums; an idea popularised by the advent of the vinyl LP in the late 1940s....
...Spacs raise money from investors through a public listing and typically seek to combine with a private company through a merger....
...KKR has teamed up with BMG, one of the world’s largest music companies, to target large acquisitions of music labels and catalogues during a consolidation boom in the industry....
...It is her third solo LP, following 2015’s Sometimes I Sit and Think, and Sometimes I Just Sit and 2018’s Tell Me How You Really Feel....
...The private equity group also has stakes in TikTok owner ByteDance, India’s Jio Platforms and Fortnite game maker Epic Games....
...most lucrative collaboration yet When VF, the clothing conglomerate behind The North Face and Timberland announced on Monday it had signed a deal to buy streetwear brand Supreme, it promised to keep the label...
...(New York Times) Private equity is watching Silicon Valley buyout group Francisco Partners has poured billions into surveillance technology companies in exchange for eye-watering returns....
...(FT) News round-up Icahn urges ousting of Occidental chief (FT) Apple Music strikes multiyear deals with record labels (FT) Jamie Dimon returns home after heart surgery (FT) Moss Bros to be taken private...
...Impact investing had been around before big private equity firms got involved....
...Universal Music, Swift’s new record label, was recently valued at $33bn by Tencent....
...The fund may be pushing even harder away from the “activist” label with Mr Morfit at the helm....
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