Simpson Thacher Represents KKR in Formation of Music Rights Management Joint Venture with Bertelsmann
07.09.09
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The Firm is representing Kohlberg Kravis Roberts & Co. in connection with its investment in a new music rights management joint venture with Bertelsmann AG to be called BMG Rights Management GmbH. Upon completion of the initial funding of the transaction, KKR will own 51% and Bertelsmann will own 49% in the joint venture. Hartwig Masuch is Chief Executive Officer. BMG Rights Management focuses on comprehensive and competent management of music rights, covering the entire range of rights administration.
The Simpson Thacher team includes: Mark Pflug, Bart Gombert, Wheatly Aycock and Susanne Lenz (M&A), James Cross, Kate Sinclair (Credit), David Vann and Andrew Dempster (Antitrust), Lori Lesser and Marcela Robledo (Intellectual Property), Meredith Jones and Seojung Park (Tax). Valuable assistance was provided by paralegals John Fitzgerald, Elizabeth Franklin and Kim de Glossop.