Platinum Equity

  1. Concord Music Being Shopped to Private-Equity Firms, Not Strategic Suitors

    December 05, 2012 8:27 PM EST Reports that the Concord Music Group is up for sale are true, knowledgeable sources say. But there is one key factor that appears to have been overlooked thus far: management is controlling the company's sale process so far. Consequently, Con ...

  2. EMI Auction: Second-Round Bids Are In, Questions Still Looming

    October 06, 2011 10:06 PM EDT With the second-round bids for EMI now in (as of Oct. 5), it will take a few days for clarity about the situation to emerge, sources say. Of course, Citigroup and EMI know what they have in hand, but bidders and their consultants are unsure of whe ...

  3. Higher-Than-Expected Bids for EMI Group Could Favor Strategic Buyers--Including the Other Majors

    August 05, 2011 11:42 AM EDT With the first round of bids in for Citigroup's auction of EMI Group, the higher-than-expected levels of the bids suggest that strategic suitors--including the other major-label groups--may have a leg up on other bidders. Sources say at lea ...

  4. EMI: High Bids Put Strategic Buyers -- Including Other Majors -- in the Lead

    August 05, 2011 10:53 AM EDT With the first round of bids in for Citigroup's auction of EMI Group , the higher-than-expected levels of the bids suggest that strategic suitors-including the other major-label groups-may have a leg up on other bidders. Sources say at least ...

  5. Billboard Q&A: Mike Davis

    July 22, 2011 1:10 PM EDT When Mike Davis joined Atlanta-based one-stop Justin Entertainment as a sales representative in 1989, he had a pretty limited view of the music business. "Back then," he recalls, "I thought the scope of the music industry consiste ...

  6. Alliance Names Former Universal Music Exec Mike Davis President

    June 20, 2011 11:05 AM EDT Former Universal Music Enterprises executive Mike Davis has been named president of Alliance Entertainment , filling a void at the company that has existed since Alan Tuchman resigned as CEO in April . Davis had previously been executive VP/GM of ...

  7. WMG Board Provides Eliminated Bidders With Company Data, Sources Say

    April 20, 2011 8:05 AM EDT The Warner Music Group (WMG) board of directors is not only willing to consider more bidders in the auction to sell the company, as reported yesterday by Billboard.biz, but has in fact left some of the supposedly eliminated bidders with access to ...

  8. Warner Music Bids Due Today, New Contender Emerges

    April 07, 2011 5:14 PM EDT Bids are due today for the Warner Music Group in the auction being run by Goldman Sachs Group Inc. and AGM Partners LLC. According to CNBC , Ron Burkle's Yucaipa Companies reportedly leads the bidding with $3 billion, topping a reported $2.8 ...

  9. Live Nation Puts In Bid For Warner Recorded Music

    March 31, 2011 4:59 PM EDT Live Nation, the concert and ticketing company, has put in a bid for the Warner Music Group. The emergence of Live Nation as one of the bidders for the Warner Music Group brings to three the number of strategic players involved in the auction. But ...

  10. Alliance Entertainment Acquires EDGE Entertainment Distribution

    March 11, 2011 3:34 PM EST Alliance Entertainment has acquired EDGE Entertainment Distribution in the first move of a planned roll-up of music and video wholesalers. Terms of the deal were not disclosed but Platinum Equity and the Gores Group, which financed the acquisition ...

  11. Warner Music Has At Least Five Serious Bidders, Source Says

    March 08, 2011 12:59 PM EST Warner Music Group is getting more bids than expected for the recorded music division and the entire company, a source told Billboard Tuesday morning. At the same time, Warner has also received bids for music publishing division Warner/Chappell, t ...

  12. Private Groups Acquire Alliance Ent.

    September 01, 2010 12:00 AM EDT Alliance Entertainment, the second largest music wholesaler in the United States, has been acquired by two private equity firms, Platinum Equity and the Gores Group. Financial terms of the transaction were not disclosed. Alliance Entertainment is ...

  13. Bidders Set For Tower Records Auction

    October 03, 2006 12:00 AM EDT Trans World viewed as likely front-runner. Although 16 bidders have come forward to participate in the Chapter 11 auction of Tower Records on Thursday (Oct. 5), odds are the chain will either be acquired by Trans World Entertainment or liquidated ...

  14. UMG Sells U.K., French Music/Video Clubs

    January 17, 2005 12:00 AM EST Universal Music Group has sold its U.K. mail order music and home video club Universal Group Direct (U.K.) -- which trades as Britannia -- and its French equivalent DIAL to U.S.-based mergers and acqu LONDON -- Universal Music Group has sold its U ...

  15. UMG Sells U.K., French Music/Video Clubs

    January 14, 2005 12:00 AM EST Universal Music Group has sold its U.K. mail order music and home video club Universal Group Direct (U.K.) -- which trades as Britannia -- and its French equivalent DIAL to U.S.-based mergers and acqu Universal Music Group has sold its U.K. mail-o ...

  16. UMG Sells U.K., French Music/Video Clubs

    January 14, 2005 12:00 AM EST Universal Music Group has sold its U.K. mail-order music and video club Universal Group Direct (U.K.) -- which trades as "Britannia" -- and French equivalent DIAL to U.S.-based mergers and acquisition Universal Music Group has sold its U ...