Kobalt secures further $115m investment
Kobalt Music Group’s investment subsidiary Kobalt Capital Ltd. has raised a further $115 million in expansion capital from 'long term investors'.
The news comes after MSD Capital, L.P.’s recent $25 million equity investment. A combined total of $140 million will allow Kobalt to further accelerate its growth.
Founder & CEO Willard Ahdritz commented: “The increased capital is going to help the company build on its success by providing its artists and songwriter clients with access to new capital.
“It ...
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