HgCapital has agreed to sell Boosey & Hawkes, a UK-based classical music publisher, to Imagem Music. The deal is valued at approximately Gbp126 million. HgCapital originally took B&H private in December 2003 for Gbp75 million.
HgCapital, the European sector-focused private equity investor, today announced that it has agreed to sell Boosey & Hawkes, the leading classical music publishing and rights group, to Imagem Music, the music publishing fund of Stichting Pensioenfonds ABP (ABP) and CP Masters BV and one of Europe's leading independent music publishers, for a consideration of approximately Gbp126 million.
The sale completes a successful four-year investment for HgCapital and represents a significant return following its original acquisition of Boosey & Hawkes, then a public company, for