M&A Deal Summary

Pegasus Capital Advisors Acquires Spirit Music

On April 8, 2009, private equity firm Pegasus Capital Advisors acquired publishing company Spirit Music

Acquisition Highlights
  • This is Pegasus Capital Advisors’ 1st transaction in the Publishing sector.
  • This is Pegasus Capital Advisors’ 16th transaction in the United States.
  • This is Pegasus Capital Advisors’ 6th transaction in New York.
Investment Fate
  • Spirit Music was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2009-04-08
Target Spirit Music
Sector Publishing
Buyer(s) Pegasus Capital Advisors
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) M.E.S.A. Securities, Inc. (dba MESA Global) (Financial)

Target

Spirit Music

New York, New York, United States
Spirit Music owns a diverse group of music copyright catalogs. SpiritMusic Group is the fastest growing independent music publisher of the last decade, controlling more than 15,000 songs spanning seven decades and every musical genre. Spirit Music was founded in 1995 and is based in New York, New York.

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Buyer(S) 1

Buyer

Pegasus Capital Advisors


Category Private Equity Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pegasus Capital Advisors is a private equity firm focused on providing equity and junior capital to middle-market companies across a wide variety of industries. Pegasus looks to commit between $50 and $150 million per transaction. Sectors of interest include building materials, consumer products/services, energy, financial services/insurance, IT, marketing/communications, metals/minerals, and safety/security. Pegasus was formed in 1995 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 19 of 31
Sector: Publishing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 24
State: New York M&A 6 of 7
Country: United States M&A 16 of 25
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Molycorp

Greenwood Village, Colorado, United States

Molycorp, Inc. is a mining company that produces and sells rare earth and rare metal materials. The company filed for bankruptcy in June 2015.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-29 Molycorp

Greenwood Village, Colorado, United States

Molycorp, Inc. is a mining company that produces and sells rare earth and rare metal materials. The company filed for bankruptcy in June 2015.

Sell -