Firebird Music, an artist management and indie label company, announced that it has launched a US$750 million catalog acquisition platform in partnership with funds from global investment firms Ares and the Raine Group. As part of the deal, Ares funds also took a minority equity stake in Firebird.
Latham & Watkins LLP represents Ares in the transaction with a corporate deal team led by Los Angeles partner Rick Offsay and New York partners Andrew Blumenthal and Julian Azran, with associates Claire Solimine, Sam Lehman, Nancy Zhu, and Emma Giusto, and with assistance from Stephanie Lim. Partner Pardis Zomorodi, with associate Eric Song, advised on tax matters.
