A Manatt team led by Entertainment Leader Jordan Bromley and Partner Beau Stapleton advised Francisco Partners Management, a U.S.-headquartered global investment firm, with respect to its majority stake investment in Kobalt Music. We provided detailed analysis and insights into music, data privacy, litigation, employment, tax and general intellectual property.
Francisco Partners Management has approximately $45 billion in capital raised to date and is one of the largest and most active technology-focused private equity firms in the world. Alongside Francisco Partners, MUSIC and Dundee Partners are also investing in Kobalt. Matt Pincus, CEO of MUSIC, will join the Board of Kobalt after the deal closing.
The investment in Kobalt will help propel future growth in its creator services, technology and global digital licensing platform, AMRA.
The deal team also included Entertainment Partners W. Joseph Anderson, Eric Custer and Gary Gilbert and Associates Mackenzie Pearson, Alex Spring, John Meller, Jared Guidroz and Suna Izgi; Litigation Partners Robert Jacobs and Nathaniel Bach and Associate Tina Lapsia; Privacy and Data Security Partner Scott Lashway and Special Counsel Matthew Stein; Tax and Employee Benefits Partner John Heber and Attorney Burak Ahmed; and Digital and Technology Transactions Partner Eric Bergner.