Long-running Canadian powerhouse Nettwerk Music Group has announced a management buyout from its existing investors, supported by Create Music Group. The transaction is expected to close this month.
As part of the proposed agreement, Create Capital will invest over $300 million into Nettwerk on closing and will provide access to substantial follow-on capital and support services thereafter, according to the announcement. “This investment will allow the Nettwerk management team to increase its ownership stake while enabling Nettwerk to retain its identity and independence in the market,” it continues. “Nettwerk will continue to serve its current roster of
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