Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Group Plc.

Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Group Plc.

London-based EMI yesterday (Nov. 28) admitted it had received a "preliminary approach" from an undisclosed party.

Published reports have since linked Permira with the move. A London-based Permira spokesman declined to comment to Billboard.biz.

EMI disclosed the approach after its stock soared more than 10% in trading on the London Stock Exchange. Private equity firms Goldman Sachs Group and Kohlberg Kravis Roberts & Co. were also being touted in press reports as potential suitors. Another report claimed Apollo Management was involved.

Permira has been bullish in the music market of late, having made a bid earlier this year for British market-leading music and entertainment retailer HMV Group.