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.
