
KKR on the lookout for Chrysalis
KKR is among the potential buyers for British music publisher Chrysalis, according to media reports.
The deal would be undertaken by BMG Rights Management, a joint venture between KKR and German media group Betelsmann. The US private equity firm holds 51% of the partnership.
Imagem, the music company owned by Dutch pension fund ABP, is also said to be considering the acquisition of Chrysalis. On the trade buyers front, Sony ATV could also make a bid for the company.
Founded in 1969, Chrysalis is an independent music publishing company based in London. The group operate in the areas of music publishing, copyright ownership, artist management and entertainment products distribution. Chrysalis' catalogue spans five decades and includes artists such as Kylie Minogue, Jethro Tull and Cheryl Crow.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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