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BMI attracts private lenders as New Mountain bid emerges

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BMI attracts private lenders as New Mountain bid emerges

Shubham Saharan's avatar
Sasha Padbidri's avatar
Bill Weisbrod's avatar
  1. Shubham Saharan
  2. +Sasha Padbidri
  3. + 1 more
•2 min read

This article is part of our forthcoming service, 9fin Private Credit. If you're interested in a free trial, contact subscriptions@9fin.com

Direct lenders are circling music rights group BMI as the company nears a potential sale to New Mountain Capital, according to multiple 9fin sources.

The potential deal, which is reportedly set to value the company at around $1.7bn, follows an auction process led by Goldman Sachs that started earlier in the summer. BMI also explored a sale last year, but halted the process before a deal was reached.

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