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In September, we advised you about an acquisitive new US-based enterprise referred to as Firebird Music Holdings, backed by Raine Group and co-founded by Nat Zilkha and Nathan Hubbard.
US-based Zilkha is a former Accomplice at KKR in December 2021, whereas Hubbard is a former CEO of Ticketmaster and a former world head of Media & Commerce at Twitter.
We revealed that Firebird’s first acquisition was a significantly-sized minority stake in Pink Mild Administration – one of many world’s most established artist administration firms. (Pink Mild’s founder Coran Capshaw continues to guide the corporate after 31 years at its helm.)
On the time, a supply knowledgeable us that Firebird was additionally pursuing a lot of different music firms each inside and out of doors the US, including that “they appear to have a big stack of capital to play with.”
At the moment, MBW can reveal particulars of Firebird’s newest deal – with a broadly revered unbiased file firm headquartered in London.
We’ve confirmed that Firebird has made a considerable funding, and purchased a big stake, in Transgressive Data, run by founding administrators Tim Dellow, Toby L and Lilas Bourboulon.
In response to a Corporations Home submitting within the UK, the deal was finalized in July/August 2022, and entails Transgressive Data Ltd solely. (Transgressive’s sister publishing and administration firms stay outdoors of the Firebird partnership.)
In an announcement offered to MBW concerning the Firebird deal, Transgressive’s co-founders stated: “We’re thrilled to welcome Firebird as companions in Transgressive Data, enabling and supporting us in our unbiased journey to construct careers for probably the most musically formidable and vital artists of our occasions.”
Transgressive Data has labored with, amongst many different artists, Damon Albarn, The Waeve, Dave Okumu, A Month Of Sundays, Beverly Glenn-Copeland, Lupin, Alvvays, Arlo Parks, and Foals.
“We’re thrilled to welcome Firebird as companions in Transgressive Data, enabling and supporting us in our unbiased journey to construct careers for probably the most musically formidable and vital artists of our occasions.”
Transgressive assertion
BRIT Award-nominated Arlo Parks gained the UK’s Mercury Prize for Album of the 12 months final yr for Collapsed In Sunbeams.
UK rock act Foals topped the UK Album chart for the primary time in 2019 with their sixth file, All the things Not Saved Will Be Misplaced – Pt 2, launched by way of Transgressive.
The label has a protracted historical past with Foals, and launched the band’s debut album Antidotes (No.3 within the UK Album chart) again in March 2008.
MBW understands that Tim Dellow, Toby L and Lilas Bourboulon will proceed to guide the Transgressive Data enterprise following Firebird’s funding.
Possession of Transgressive Administration and Publishing continues to be break up solely between Tim Dellow, Toby L and Lilas Bourboulon.
A slide inside a deck just lately despatched out by Firebird to acquisition prospects and seen by MBW states that “Firebird has artist administration at its core”.
This method, says the deck, permits Firebird to “profit from all income streams” surrounding an artist, together with “streaming, reside, IP gross sales, and many others.”.
On his LinkedIn profile, Nat Zilkha writes: “We constructed Firebird to align with premium expertise and empower them with shared ardour for music, trendy model activation capabilities and scale monetary capital.
“We accomplice with artists, managers, unbiased labels & publishers and expertise suppliers to create an built-in ecosystem the place creatives thrive.”
Throughout his 15-year profession at KKR, Nat Zilkha led or co-led KKR Credit score from 2013 – 2020, throughout which period belongings below administration grew from $13 billion to over $80 billion. He additionally co-founded KKR’s Particular Conditions and Opportunistic technique.
Zilkha’s further management roles at KKR have included overseeing KKR’s Public Fairness investing methods and appearing as a senior member of the North American Personal Fairness enterprise.Music Enterprise Worldwide
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