The Firm is representing New Mountain Capital in the acquisition of Broadcast Music, Inc. (“BMI”). The transaction is expected to close by the end of the first quarter of 2024, subject to customary closing conditions.
BMI is the world’s largest performing rights organization. It protects the rights of and advocates for more than 1.4 million affiliate songwriters, composers and music publishers. BMI secures royalties for its affiliates by offering licenses to businesses for the performing rights in 22.4 million musical works.
The Simpson Thacher team includes Elizabeth Cooper, Robert Harrison, Jack Nalen and Matt Digirolamo (M&A); Chris Brown, Benjamin Persina, Cem Islikci and Mark Haddox (Credit); Gregory Grogan, Ryan Stott and Sara Mazurek (Executive Compensation and Employee Benefits); Peter Guryan, Antonio Bavasso, Richard Jamgochian and Max Fischer-Zernin (Antitrust); Andrew Purcell, Lina Pan and Elizabeth Trask (Tax); Lori Lesser, Bobbie Burrows, Cara Anstey and Alysha Sekhon (Intellectual Property); Mick Tuesley, Ryan Stalnaker and Samantha Sergent (Foreign Direct Investment); Mark Skerry and Christine Tillema (Regulatory and Compliance); Dennis Loiacono (Real Estate); Toby Chun and Deepa Sarkar (Environmental). Associate Isaac Hudis provided valuable assistance.