Corporate Acquisitions

Chrysalis falls to KKR and Bertelsmann for £107m

Alternative Assets Network |

In Brief...

UK music publisher Chrysalis has been sold to German rival BMG, the joint venture between private equity giant KKR and media conglomeration Bertelsmann for ?107m (?127m). "BMG have fantastic resources behind them with Bertelsmann and KKR. Chrysalis, which boasts a back catalogue ranging from Leonard Cohen to Michael Jackson, joins US companies Cherry Lane Music Publishing, Evergreen Copyrights and the UK's Stage Three Music on the list of companies BMG has acquired this year..

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