Razor & Tie Direct Acquires KidzCo

Razor & Tie Direct LLC operates as a music company. Razor & Tie was founded in 1990 by Balsam and Chenfeld, who met as students at New York University and formed the company while both were working as attorneys. While the label has traditionally been rock and hard-rock focused, by far its most successful project has been the “Kidz Bop” compilation series, which launched in 2001 and features children singing contemporary hits. The series has sold more than 20 million albums. The label’s current roster includes The Pretty Reckless (pictured), All That Remains, The Sword and Sons of Texas.

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ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

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