Francisco Partners, a global investment firm, has invested in Kobalt, an independent music publisher.
Kobalt is a music and technology company built for artists, songwriters, publishers, and labels as an alternative to the traditional music business model. Francisco will take a controlling interest in the company. Willard Ahdritz will continue as Kobalt’s Chairman, and the company will continue to be led by its existing management team Laurent Hubert, CEO, Jeannette Perez, President and COO, Catrin Drabble, CFO, and Nuno Guerreiro, CTO.
“Our investment should help bring more resources, experience, and alignment to continue to build Kobalt as a premier destination for creators, further grow AMRA as the only global digital licensing platform, and support and invest in technology innovation across the entire Kobalt ecosystem to address the needs of creators and publishers,” says Matt Spetzler, Partner at Francisco Partners.
Goldman Sachs served as financial advisor to Kobalt and Raine Group served as financial advisor to Francisco Partners.