Private equity-backed music group BMG Rights Management has been linked to a bid for Parlophone Records, a section of EMI responsible for music by bands including Coldplay and Radiohead.
Company plans on expanding further into the learning and development market
Primomiglio, Banca di Piacenza, Intesa Sanpaolo Vita, Be Shaping the Future and CRIF also take part in the round
Centerbridge Partners, which invested in the company in 2013, retains a minority stake
Company will use the proceeds to commercialise its flagship product across the US