Blackstone and multiple investors have acquired a majority stake in Citrin Cooperman, a leading 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 more than 15,000 global clients across tax, advisory, and accounting services. The firm gained prominence in the music industry following its acquisition of Massarsky Consulting in January 2022, becoming a key player in song rights valuations, notably for Hipgnosis Songs Fund (HSF).

The acquisition marks a significant moment 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 intended for future 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 developments including:

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

The transaction maintains Citrin's operational independence while positioning the firm for strategic expansion in the evolving music rights valuation landscape.

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