Blackstone and investment partners have acquired a majority stake in Citrin Cooperman, a prominent music IP valuation firm, in a deal reportedly worth $2 billion. The investment group will obtain over two-thirds of the company, with Blackstone's individual stake remaining under 50% to avoid regulatory complications.

Citrin Cooperman, established 46 years ago, serves over 15,000 global clients with tax, advisory, and accounting services. The firm gained significant prominence in the music industry following its January 2022 acquisition of Massarsky Consulting, becoming a key player in song rights valuations, notably for Hipgnosis Songs Fund (HSF).

The acquisition marks a strategic move for Blackstone, which recently completed its $1.6 billion purchase of HSF in July 2024. Following this, HSF launched a $1.5 billion ABS in November 2024, partially aimed at funding new song-rights acquisitions.

Alan Badey, Citrin's CEO, emphasized that Blackstone's investment will support:

• Expanded service offerings
• Technology investments
• Enhanced client experience
• Continued growth initiatives

This deal reflects broader private equity interest in the music sector, with other notable movements including:

• New Mountain Capital's acquisition of BMI
• Potential sale of Vivid Seats
• SESAC reportedly receiving purchase offers

The transaction represents a significant consolidation in music industry financial services, particularly in the valuable song rights valuation sector.

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