Senior MBW sources tell us that US-headquartered Francisco Partners is currently in advanced talks to acquire a majority stake in Kobalt Music Group, with the possibility of a deal being signed over the next week or two. Francisco Partners is no stranger to the music business. The San Francisco-based, tech-focused investment firm acquired a majority stake in music creation platform Native Instruments earlier this year, for an undisclosed fee.
Source: Kobalt Music Group in talks to sell majority stake to Francisco Partners, say MBW sources