MidOcean buys music rights data firm

MidOcean Partners has acquired Music Reports Inc, a leading provider of music rights data, administration and management services from ABRY Partners and the company’s co-founders, Ronald Gertz and Douglas Brainin. The undisclosed sum of the transaction will be used to accelerate Music Reports’ growth, as well as to fund potential acquisitions. “The global recorded music industry is experiencing compelling growth driven by application development, smartphone penetration and distribution,” said Barrett Gilmer, managing director at the New York-based MidOcean. “MidOcean identified an enormous need for specialized data and service providers to help navigate the incredibly complex web of rights, licenses, and payments.” MidOcean’s Operating Partner Dhruv Prasad will join Music Reports as president and CEO. He joined MidOcean in 2019. He will work alongside the outgoing Music Reports founders Gertz and Brainin, who are expected to remain involved with the company as senior advisors. Combined the pair have six decades of experience in music copyright work. Since inception in 2003, MidOcean Private Equity has managed approximately $4.8 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Partners also runs MidOcean Credit Partners that was launched in 2009 and currently manages $7.5 billion across a series of alternative credit strategies.

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